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Mihir

Mihir Tanna  |1018 Answers  |Ask -

Tax Expert - Answered on Jul 26, 2024

Mihir Ashok Tanna, who works with a well-known chartered accountancy firm in Mumbai, has more than 15 years of experience in direct taxation.
He handles various kinds of matters related to direct tax such as PAN/ TAN application; compliance including ITR, TDS return filing; issuance/ filing of statutory forms like Form 15CB, Form 61A, etc; application u/s 10(46); application for condonation of delay; application for lower/ nil TDS certificate; transfer pricing and study report; advisory/ opinion on direct tax matters; handling various income-tax notices; compounding application on show cause for TDS default; verification of books for TDS/ TCS/ equalisation levy compliance; application for pending income-tax demand and refund; charitable trust taxation and compliance; income-tax scrutiny and CIT(A) for all types of taxpayers including individuals, firms, LLPs, corporates, trusts, non-resident individuals and companies.
He regularly represents clients before the income tax authorities including the commissioner of income tax (appeal).... more
Tejinder Question by Tejinder on Jul 08, 2024Hindi
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Thanks, for your kind response and taking time to reply to my question. I am sorry but I have another question for you, can you please confirm why 44AD is not applicable for me? This one is more attractive as I will be ending up paying lesser tax. My billing is happening to customer with a service description as professional service. Yes, my receipts are under specific limit as you mention. Thanks again :-).

Ans: 44AD is applicable to business income and profession not defined in Sec 44AA. 44ADA is for specified professionals of 44AA ( legal, medical, engineering or architectural profession or the
profession of accountancy or technical consultancy or interior decoration or any other profession
as is notified ).
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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