Dear all, if a firm has turnover 1.17 crore and engaged in Technical Consultancy of road maintenance
can the firm opt for section 44Ad..
or the firm comes under section 44ADA
The partners are not professional y qualified...but they provide tecjival services...
Thank all in advance.
5 Replies
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 17 September 2022
Firm is not eligible for Presumptive Taxation since the the turnover is above 50lakhs for profession..
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 18 September 2022
Technical Consultancy comes under profession only .. Qualification is not criteria.
And it is not covered in 44AD since it is a service
And it is not covered in 44AD since it is a service
POOJA BAGRI
(CA)
(50 Points)
Replied 18 September 2022
Restraudents are also providing services...they can opt for section 44AD
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 18 September 2022
But Technical consultancy will not cover under 44AD
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