Simultaneous use of 44ada and 44ad?

So we can’t use both at the same time. We can show f&o income as business and professional income under 44ada. What are the books of account to maintained for f&o income as all these are online transactions.

Still it's not good... Also can't accept..

F and O income can't be u/s 44ad.

It's my stands...

Originally posted by : CA Rashmi Gandhi
	Sir just Google it and check some articles.Also no section in law specified that we can't opt for 44AD in case of F&O

Mam same as , 

Also no section in law specified that we can opt for 44AD in case of F&O.

( No issues You can as Your view)

correct. you cannot use 44AD once you are a person with income covered under 44AA(1).

ma'am. sorry you cannot use both sections. This is explicitly covered under the provisions of 44AD(6). any "person" covered under 44AA(1) is barred from 44AD. the exclusion is based on the person not the nature of income.

ma'am. sorry you cannot use both sections. This is explicitly covered under the provisions of 44AD(6). any "person" covered under 44AA(1) is barred from 44AD. the exclusion is based on the person not the nature of income.

ma'am. sorry you cannot use both sections. This is explicitly covered under the provisions of 44AD(6). any "person" covered under 44AA(1) is barred from 44AD. the exclusion is based on the person not the nature of income.