24 March 2016
No you cannot avail of Section 44AD. The services you render are consultancy services. This situation will prevail till 31st March 2016. For assessment year 2017 - 18, professionals with turnover of upto 50 lacs can avail of presumptive tax under new Section 44ADA offering 50% of turnover as profit. No hassles of maintenance of accounting records / tax audit.
CAclubindia
