Hi,
Kindly clarify me that is section 44AD applicable to a consultant also?
2 Replies
ashish gupta
( student)
(1922 Points)
Replied 29 October 2011
No its not applicable to consultant as it covers only business but not the profession.
Rahul Gupta
(Chartered Accountant)
(644 Points)
Replied 29 October 2011
Agreed with Ashish
It's only applicable for Eligible Business as specified in Sec 44AD
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