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Section 44AA/44AD/44ADA, Income Tax |
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Section 44AA/44AD/44ADA |
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My job is to examine the Master Plan of cities & identify areas having the potential to be developed commercially or for a residential colony & help the Principal to acquire (procure) it for which I get retainership fee.I am not an Advocate but my long stint in the Govt. service has given me this expertise.My vocation(profession) is not covered by the professions under Sec.44AA(1) & my income from Profession does not exceed ₹ 120000/- & the total Gross income from Profession does not exceed ₹ 1000000/- as stipulated in Sec.44AA(2) As such I presume that I am not required to maintain accounts & am not covered by the provisions of Sec.44AD or 44ADA. Please confirm whether I am right in my presumption. Posts / Replies Showing Replies 0 to 0 of 0 Records No Post / Reply found for this query Old Query - New Comments are closed. |
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