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Section 44ad

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Querist : Anonymous (Querist)
12 March 2012 Filling of Return Us. 44 AD for Consultancy Fees received

Consultancy fee is received and TDS deducted Us. 194 J @ 10. Can return of income be filed Us 44AD declaring Net Profit @ 8 without maintaining books of accounts, thereby claiming refund ?

12 March 2012 Section 44AD is NOT applicable to professional income.

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12 March 2012 Section 44AD applicable only to business not to profession.




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