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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.

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.

17 December 2016 Can't be disclosed u/s 44AD. Can be disclosed u/s 44ADA from FY 2016-17.




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