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Section 44ada

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(Querist)
12 May 2017 Are management consultants eligible for section 44ada?
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
13 May 2017 Yes, all professionals can opt 44ADA.
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Studentsca

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Studentsca (Expert)
13 May 2017 Only those professionals who are engaged in profession referred to in Section 44AA can opt for presumptive taxation under section 44 ADA.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
14 May 2017 The 2nd one {professions specified in 44AA(1) only } is the correct answer.
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Sunil

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Sunil (Expert)
14 May 2017 Section 44ADA specifically states Professions as per Section 44AA(1) and does not widen the scope to include any other profession.

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