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Issue ID : 111503
- 0 -

Section 44AA/44AD/44ADA

Date 14 Feb 2017
Replies0 Answers
Views 1053 Views
Asked By

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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