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Income tax return
Hello.
I am an individual having salary income along with consultancy receipts during the FY 2016-2017.
Can I show my Consultancy Receipts under Sec.44ADA and claim the deduction thereof of 50% .?
Please advice in this regard and also , is there any restriction if such individual is a CA by profession ie if any restrcitions under Professional Ethics are applicable in this case?
Replies (1)
"Consultancy Receipts under Sec.44ADA and claim the deduction thereof of 50% ?"
Yes........
Restriction as per IT act is....... the professions as sprcified under section 44AA like doctors, accountants, advocates etc.... can avail the benefit of section 44ADA
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