DECLRATION OF INCOME 44AD
This query is : Resolved
22 July 2024
Dear Experts
I have income from ILETS coaching center i.e fees from students, Visa application Processing Fee, Commission from NBFC and related jobs and I am registered under GST Act. Total Receipt of all sources is less than 60 Lac.
My query is, 1. can i file ITR under section 44AD. 2. Total Receipt of all sources is my turn over for calculation of profit 8% or 6 %.
Thanksfor all experts for earliest reply.
I have income from ILETS coaching center i.e fees from students, Visa application Processing Fee, Commission from NBFC and related jobs and I am registered under GST Act. Total Receipt of all sources is less than 60 Lac.
My query is, 1. can i file ITR under section 44AD. 2. Total Receipt of all sources is my turn over for calculation of profit 8% or 6 %.
Thanksfor all experts for earliest reply.
22 July 2024
You cannot opt for sec. 44AD as your income is inclusive of commission income.
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