44ad
This query is : Resolved
24 August 2016
Hello Experts
I am an accountant. I want to know about business declared u/s 44AD.
Sir My client is working with a saloon on salary basis and he is also getting share of profit from the employer of saloon.
How I can show the income of my client who is individual?
Can I show his business income and file return u/s 44AD or what?
Pl guide.
Regards
I am an accountant. I want to know about business declared u/s 44AD.
Sir My client is working with a saloon on salary basis and he is also getting share of profit from the employer of saloon.
How I can show the income of my client who is individual?
Can I show his business income and file return u/s 44AD or what?
Pl guide.
Regards
24 August 2016
Dear sanjay,
44 AD is applicable where 8% is taxable on the total turnover where as in your case your client is getting salary and some part of profit.
So in view u cant use 44AD for filling your return
Kindly like if my response has helped you
44 AD is applicable where 8% is taxable on the total turnover where as in your case your client is getting salary and some part of profit.
So in view u cant use 44AD for filling your return
Kindly like if my response has helped you
24 August 2016
The person is a salary earner...hence 44AD is NOT appplicable
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Inventory of finished goods
- Disallowance of Section 43B(h) to sez units
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Confusion around Form 26QB fields
- RCM INVOICING FROM NOV-2024
- GST Regis.
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Tds on building rent monthly
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Sale of property furniture sale
- As per schedule III of balance sheet how to pass journal entry
- Is correct way to find out capital of individual on 31st March
- Individual capital equal to which assets of balance sheet
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
