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Querist : Anonymous

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Querist : Anonymous (Querist)
17 December 2016 Respected Sir,
Whether Income of Lawyer i.e Legal & Professional is disclosed under section 44 AD.
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C.A. Mayur J. Raiyani

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C.A. Mayur J. Raiyani (Expert)
17 December 2016 Yes but after A.Y. 2016-17 by disclosing 50% of gross receipt as an income under Section 44ADA newly inserted section by Budget 2016.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
17 December 2016 Can't be disclosed u/s 44AD. Can be disclosed u/s 44ADA from FY 2016-17.
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