The following persons are not eligible to avail benefit under section 44AD:

CS Executive · Tax Laws and Practice · PYQS · December 2021
The following persons are not eligible to avail benefit under section 44AD:
(A) A person carrying on profession referred to in section 44AA (1)
(B) LIC agent
(C) A person who is in the business of plying, hiring or leasing goods carriages
(D) All of the above

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax Act, 1961

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