Section 44ad

Mohammed Aarif V (student of CA) (39 Points)

08 December 2016  
Happy Day Sir, If a Proprietary concern employing 8 engineers doing export of services in computer aided design and the gross receipt is less than 1 crore. can this concern be considered as Business or Profession for taking benefit of Section 44AD / 44ADA? Thank You for reading my query and replying the same..