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Persumptive Scheme

Direct Taxation

Sir,my question is that, if I am involved in outsourcing services, of accounts bookkeeping means I raised bill to a foreign client, same work forward to Indian CA Firm, they raise bill to me, in such a way on these transactions I earn profit , can i opt for 44ADA if my total receipts is less than 50 lacs

DEEP VICKY

CA Final

★ 685

25-Aug-21 15:04

339

Answers (1)

As long as you take the profession of accountancy it would come under Sec 44AA... how you get the work done (employ individuals or firms or free lancers, etc) does not matter

Sudha Reddy

CA Final

★ 20K+

25-Aug-21 16:27

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