Define the word "profession" w.r.t Sec. 44AB of the Act.
Suchitra. S (Advocate) 10 October 2010
Which Act ??
Adv Archana Deshmukh (Practicing Advocate) 10 October 2010
I think he is referring to S. 44AB of the Income Tax Act, but I think it has not been specifically defined in the Act. Let us see what the tax practitioners say about it..
Shayan Khan (B.com) 13 October 2010
Sec 44AB (income tax act,) speaks about audit of accounts.
Sec 44AA however notified the professions under 6F
profession of -
Law
medicine
accountancy
interior decorator
film artist
engineering
company secretary / chartered accountant / cost accountant
technical consultancy
or information technology
Raja (XYZ) 20 October 2010
Income Tax Act
Raja (XYZ) 20 October 2010
What is the definition of "profession" ?
Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 22 October 2010
Mr. Raja,
Section 28 (i) provides that the profits and gains of any business or profession which was carrried on by the assessee at any time during the previous year.
Raja (XYZ) 23 October 2010
Dear All, Please read the question carefully and Reply accordingly 'to the point'. Thanks,
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