Clarity on Section 44AD

Sagar Bhadra (Manager - Finance & Accounts)   (501 Points)

22 June 2011  

Hi every1,

 

Can a person having PROFESSIONAL INCOME avail the benefits of Sec. 44AD i.e. Presumptive Income at 8% of Gross T/O or Gross Receipts?

 

Thanks in Anticipation

 

Regards,

Sagar Bhadra