Following are the persons who are not eligible to claim benefit U/s 44AD:
1. A person carrying on profession as referred un section 44AA(1) [i.e. legal, medical, engineering or architectural profession or the profession of accountancy or technical consultancy or interior decoration or any other profession as may be notified]
2. A person earning income in the nature of commission or brokerage
3. A person carrying on any agency business
4. A person who is in the business of plying, hiring or leasing goods carriages
5. Any person carrying on a business whose total turnover or gross receipts exceeds two crore rupees.
2. A person earning income in the nature of commission or brokerage
3. A person carrying on any agency business
4. A person who is in the business of plying, hiring or leasing goods carriages
5. Any person carrying on a business whose total turnover or gross receipts exceeds two crore rupees.
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