Section 44AB vs 44ADA

CA. Atul Khurana , Last updated: 17 June 2019  
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As Section 44AD is applicable on business (click here to read in detail), Section 44ADA applies on professionals. It says that if an eligible assessee (professional) who declares 50% or more than that of his gross receipts as profit, then he is not required to get his accounts audited under the I

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Published by

CA. Atul Khurana
(Chartered Accountant)
Category Income Tax   Report

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