03 August 2016
THANK YOU SIR, My doubts need further clarification, Since section 44AD doesn't apply to professional. isn't the assessee being refered above come under the meaning of profession?
03 August 2016
THANK YOU SIR, My doubts need further clarification, Since section 44AD doesn't apply to professional. isn't the assessee being refered above come under the meaning of profession?
03 August 2016
There are only certain activities which are considered as 'profession' for this purpose. Rest are all business. Even teaching is 'business'
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