Whether Professionals (as specified u/s 44AA) (whose gross receipt less than Rs.15lacs ) can file return under presumptive income u/s44AD or only small business men (whose TO less than Rs.40lacs) are eligible?
Whether Professionals (as specified u/s 44AA) (whose gross receipt less than Rs.15lacs ) can file return under presumptive income u/s44AD or only small business men (whose TO less than Rs.40lacs) are eligible?
44AD does not cover pofession. It relates to Business only whose T/o is below Rs 60 lacs.
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