44 ad applicability
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 January 2016
A person is doing busines of IRONING (press) OF CLOTHES & DRY CLEANING OF CLOTHES.
HIS INCOME is less than 10 lacs p.a.
can we file return of income u/s 44 AD?
If yes, than under which heading?? [RETAIL TRADING/ SERVICE CATEGORY]
IF we apply for service categry u/s 44AD than will he be liable to register himself under SERVE TAX as he has already crossed 9 lacs p.a.??
HIS INCOME is less than 10 lacs p.a.
can we file return of income u/s 44 AD?
If yes, than under which heading?? [RETAIL TRADING/ SERVICE CATEGORY]
IF we apply for service categry u/s 44AD than will he be liable to register himself under SERVE TAX as he has already crossed 9 lacs p.a.??
14 January 2016
Yes he can file return u/s 44AD. Since he is not doing any trading he has to select service as category. Regarding applicability of service tax if he has crossed 9 lacs per annum and his dry cleaning service is a taxable service under service tax than he may have to register himself under service tax.
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