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Chartered accountant covered u/s 44 ad or not?

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(Querist)
29 March 2013 Hi Experts,

Can u please tell me , Chartered Accountants can take a benefit of Section 44 AD (presumtive Basis) or not?

Thanks & Best Regards.
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CA Dileep Surya Kumar

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CA Dileep Surya Kumar (Expert)
29 March 2013 Can't, The section 44AD applies to only business since chartered are professionals.
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Ankit sehra

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Ankit sehra (Querist)
29 March 2013 Thanks for your reply..

section 44AA(1) definition of professionals includes accountancy work, does it also covers chartered accountants?
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
29 March 2013 Yes it covers Chartered Accountants
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Ankit sehra

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Ankit sehra (Querist)
29 March 2013 Thanks Siddharth & Dilip

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