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Sec 44AD

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12 April 2011 Dear All,
as per the amended Sec.44AD any eligible assessee for any eligible business can opt presumption income @ 8%.
My query is, could the service provider also able to get eligible in this and could the professional service come under this scheme

Pls elucidate it

12 April 2011 option is for business only and not for profession.



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