Which section to choose for management consulting - 44AD or 44ADA

Tax queries 772 views 2 replies

Hi,

I am a consultant providing strategic and management consulting to firms across various sectors and geographies. I have a MBA Finance degree, but the services I provide are not restricted to any one domain. In such a case, will my consultancy qualify under 44AD or 44ADA?

Replies (2)

For over all services including professional one, file ITR u/s. 44ADA of the act.

Sec. 44ADA does not apply to ur case.
you should disclose your income as per sec 44ad


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