Income tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 June 2016
Whether professional income tax payer can avail & calculate income as per section 44 AD on presumptive basis
04 June 2016
For FY 2015-16, Answer is no. However for next year govt came up with a new section where professional can show income on presumptive basis
16 October 2021
Correct, for professionals sec. 44ADA has been introduced, which is effective from AY 2017-18.
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