Chartered accountant covered u/s 44 ad or not?
This query is : Resolved
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.
Can u please tell me , Chartered Accountants can take a benefit of Section 44 AD (presumtive Basis) or not?
Thanks & Best Regards.
29 March 2013
Can't, The section 44AD applies to only business since chartered are professionals.
Message likes :
1 times
29 March 2013
Thanks for your reply..
section 44AA(1) definition of professionals includes accountancy work, does it also covers chartered accountants?
section 44AA(1) definition of professionals includes accountancy work, does it also covers chartered accountants?
29 March 2013
Yes it covers Chartered Accountants
Message likes :
1 times
29 March 2013
Thanks Siddharth & Dilip
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Applicability
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- RCM - commercial rent paid to URP under GST
- Offsetting interest income against derivative trading losses
- TDS NUMBER SURRENDER
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Gst Sales of FY 2023-24
- Legal heir raised refund , but refund issued to the closed account of deceased.
- My Last working day in current org is in novemebr 2024 but they are asking me to submit IT proof
- Indexation benefit applicability
- SEC 54 OF IT ACT
- Passed group 2 exams under wrong gender
- REQUIREMENT OF 15CB
- QUERY FOR RCM ON RENT
- APPEAL-CIT
- Payable outstanding for years disallowance
- Whether still royalty
- Issue of gst e invoice
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
