08 July 2014
sir, i have an question my one of friends have income from clinc , salary and income from professional fee can he claim 8% as deemed profit aganist professional fee u/s 44 AD please advise
08 July 2014
u/s 44AD eligile business = any business other than profession, commision income, business of goods carriage and whose turnover more than 1 crore. So that professional fee not eligible for 44AD.He can not claim 8% deemed profit.
CAclubindia
