Originally posted by : SMSES India | ||
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So in your opinion if my client has a business involving Server Leasing, Server Maintenance then would you say, my client is a professional and cannot opt for 44AD? | ![]() |
No, I do not mean that. Technically, you may be correct & there are so many assessees who are doing businesses related to such professional activities like nursing homes, tuition classes etc etc..... who all are actually in business and not profession, but are unable to adopt sec. 44AD. That is what I said earlier that ICAI has taken up the issue with ITD, but till it is sorted out, we are stuck up.