Easy Office
LCI Learning

Presumtive taxation

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
06 April 2012 Is the presumptive taxation U/Sec 44 AD applicable for professionals also?
Profile Image

CA Nikhil Jhanwar

Profile Image

CA Nikhil Jhanwar (Expert)
06 April 2012 No it is just for small business assessee.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
06 April 2012 is it the same for FY 2012-13?
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

CA Siddhartha Bhardwaj

Profile Image

CA Siddhartha Bhardwaj (Expert)
06 April 2012 Yes even for FY 12-13, Section 44AD is NOT applicable to professionals.

Further, Section 44AD has been retrospectively amended w.e.f AY 11-12 to provide that Section 44AD is NOT applicable to commission income or income from agency.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
08 April 2012 Thanks to all.
Profile Image

CA Siddhartha Bhardwaj

Profile Image

CA Siddhartha Bhardwaj (Expert)
09 April 2012 You are welcome. you should use the thanks button to convey your thanks.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links