| Question And Answer | |
|---|---|
| Subject: | Valuation of Jewellery |
| Category: | Income-Tax |
| Querist: | CA Mohan L. Paranjape |
| Answered by: | Law Intern |
| Tags: | 44AD, Sec 44AA |
| Date: | February 8, 2026 |
Whether valuer of jewellery can opt for 44AD taxation?
Valuation of jewellery appears to involve “technical consultancy” since it requires technical knowledge. If so, it will constitute a “specified profession” and fall u/s 44AA(1). These professions are not eligible u/s 44AD.
Disclaimer: This article is only for general information and is not intended to provide legal advice. Readers desiring legal advice should consult with an experienced professional to understand the current law and how it may apply to the facts of their case. Neither the author nor itatonline.org and its affiliates accepts any liabilities for any loss or damage of any kind arising out of any inaccurate or incomplete information in this article nor for any actions taken in reliance thereon. No part of this document should be distributed or copied (except for personal, non-commercial use) without express written permission of itatonline.org