Notified profession 44aa
WebFeb 6, 2024 · These are mentioned under section 44AA of the income tax act and rule 6F. Every person who has the following professions is required to maintain the books of accounts: Legal Medical Engineering Architectural profession Profession of accountancy Technical Consultancy Interior Decoration Authorized Representative Film Artist WebMar 4, 2024 · Persons carrying on a profession referred to in Sec 44AA(1) i.e. Architecture, Engineer, Medical, Legal, Accounting, Interior Decoration, Technical consultancy, Taxation Consultancy, or any other profession as notified by the Board. Person earning income through Commission or Brokerage. Person carrying on any agency business.
Notified profession 44aa
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WebDec 14, 2024 · who s engaged in any profession referred to in section 44AA (1 ) such as 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; and 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:
WebFor the purpose of section 44AA and Rule 6F legal, ‘specified professions’ includes … WebMay 28, 2024 · Notified Profession: legal, medical, engineering or architectural or …
WebMar 3, 2024 · It is important to note that this provision does not apply to individuals or HUFs engaged in specified professions, such as legal, medical, engineering, architecture, accountancy, technical consultancy, interior decoration, or any other profession notified by the government. Exemptions from Section 44AA(1) WebSep 15, 2024 · Section 44AA (1) is clear that professional persons are required to keep and maintain such books which enables the Assessing Officer to compute his or her total income in accordance with the provisions of this act . (2) Every person carrying on business or profession [not being a profession referred to in sub-section (1)] shall,—
WebSep 1, 2024 · It appears that in this background only, Section 44AA of “the Act” groups together legal, medical, architectural, accountancy, technical consultancy or interior decoration or any other profession as is notified for …
WebAs per Section 44AA, any person who holds the following professions or notified section of the business has to maintain the books of accounts :- Legal Medical Engineering Architectural Accountancy Technical Consultancy Interior Decoration Film Artist – This also includes Actor Cameraman Director, including an Assistant Director pool contractors marathon flWebFeb 16, 2024 · A resident taxpayer engaged in any of the following professions can take … sharax soundcloudWebSep 19, 2024 · Analysis of Section 44AA of Income Tax Act, 1961 i.e. Compulsory … sharax tokyovania lyricsWebAs per Section 44AA, any person who holds the following professions or notified section … sharayah solomon pinterestWebAs per Section 44AA, any person carrying on any of the following professions is required … sharax obsession lyricsWebSep 4, 2024 · In sub section 1 of section 44AA Board has specifically notified certain … pool contractors knoxville tnWebFeb 16, 2024 · Applicability of Tax Audit – If a taxpayer declares income less than 50% of gross receipts and the total income exceeds INR 2,50,000 (basic exemption limit), he/she should maintain books of accounts and get the books of accounts audited under Section 44AB (d) Check Tax Audit Applicability u/s 44AB pool contractors nashville tn