Notified profession 44aa
WebAug 11, 2024 · No separate list of professionals are notified for Section 44AA of Income Tax Act. However, Rule 6F to Income Tax Rules list out a list of certains professionals who are required to maintain books of accounts under Section 44AA (3) of Income Tax Act. Relevant extract of Rule 6F (1) is reiterated below: WebNov 23, 2009 · Under section 44AA the meaning of professional is, "Every person carrying on legal, medical, engineering or architectural profession or the profession of accountancy or technical consultancy or interior decoration or any other profession as is notified by the Board in the Official Gazette."
Notified profession 44aa
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Web(1) Every person carrying on legal, medical, engineering or architec- tural profession or the … Web2 days ago · A person carrying on a profession referred to in section 44AA(1) of the Act cannot avail section 44AD in respect of either the profession or for that matter in respect of any “eligible business” carried on by him. Under section 44AA(1) of the Act, the following professions have been notified so far: Accountancy; Architectural
WebJul 6, 2024 · Section 44AA (1) prescribes for compulsory maintenance of such books of accounts and other documents which will enable the Assessing Officer to compute his total income in accordance with the provisions of this Act. sub-section (1) applies to the followings- 1. A person carrying on a legal profession 2. A person carrying on a medical … WebFeb 10, 2024 · Section 44ADA is applicable for resident Indians who are engaged in the specified professions. The underlying condition for the applicability of provisions under this section is that the gross receipts received from the profession is less than Rs. 50,00,000 in any financial year.
WebAug 18, 2024 · Notified Profession under section 44AA(1) Film artist : Other notified … WebFeb 15, 2024 · The section applies to -. a. resident assessees engaged in a profession referred to in Section 44AA (1) i.e. legal, medical, engineering or architectural profession or the profession of accountancy or technical consultancy or interior decoration or any other profession as may be notified and. b. whose total gross receipts do not exceed fifty ...
WebFeb 1, 2024 · Professionals mentioned under Section 44AA of the Income Tax Act, 1961, whose total gross receipts are less than Rs 50 lakh in a year are the eligible beneficiaries. Eligible professionals under Section 44ADA Professionals engaged in the following professions are eligible: Interior decorations Technical consulting Engineering Accounting …
WebFeb 19, 2024 · “ Mental health practitioner ” means a clinical social worker, marriage and … smart car under body coverWebMay 28, 2024 · Notified Profession: legal, medical, engineering or architectural or … hillary davis tennishillary dancing gifWebJun 20, 2024 · A person who is engaged in any profession as prescribed under section … hillary debate filterWebJun 22, 2024 · For the purpose of section 44AA and Rule 6F legal, “specified professions” … hillary dawnWebAs per Section 44AA, any person who holds the following professions or notified section … smart car tychyWebThe following are the professions that are mandated to keep the books of accounts under … hillary dawn attorney