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Section 44AA/44AD/44ADA

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..... Section 44AA/44AD/44ADA
Query (Issue) Started By: - Jagdish Kukrety Dated:- 14-2-2017 Income Tax
Income Tax
My job is to examine the Master Plan of cities & identify areas having the potenti .....

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..... al 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 ha .....

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..... s 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 Profess .....

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..... ion 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 confir .....

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..... m whether I am right in my presumption.
Discussion Forum - Knowledge Sharing .....

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