16 July 2016
Newly introduced Section regarding presumptive taxation for professionals is 44ADA wef AY 2017-18 (FY 2016-17) Covered professions are:- 1. legal, medical, engineering, architectural, accountancy, technical consultancy, or interior decorations 2. or any other notified professions ( authorized representatives, film artists, company secretary and information technology)
CAclubindia
