Section 44ad

This query is : Resolved 

24 July 2016 Is it correct to show income as per section 44 AD if the assessee is receiving income from carrying out a meditation instruction.

24 July 2016 Yes, no problem.

03 August 2016 THANK YOU SIR,
My doubts need further clarification, Since section 44AD doesn't apply to professional. isn't the assessee being refered above come under the meaning of profession?


03 August 2016 THANK YOU SIR,
My doubts need further clarification, Since section 44AD doesn't apply to professional. isn't the assessee being refered above come under the meaning of profession?

03 August 2016 There are only certain activities which are considered as 'profession' for this purpose. Rest are all business. Even teaching is 'business'



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