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Section 44AA/44AD/44ADA, Income Tax

Issue Id: - 111503
Dated: 14-2-2017
By:- Jagdish Kukrety

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.

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