Eligiblity for 44ad for professionals
Mahendra Naik (Business) (73 Points)
02 March 2016Mahendra Naik (Business) (73 Points)
02 March 2016
CA Rohan jain
(Sole Proprietor)
(929 Points)
Replied 02 March 2016
CA Kartik Pandya
(CHARTERED ACCOUNTANT)
(777 Points)
Replied 02 March 2016
Ashok J
(CA Final)
(880 Points)
Replied 02 March 2016
Hi
you might be a professional in general, but not specifically for the purpose of tax....tax law has defined who all r professionals..u r not inlcuded...so ur income falls under business income...you CAN opt for presumptive taxation...if gross receipts exceed 10 lacs, u r liable for service tax....
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