Applicability of sec 44ad or 44ada
This query is : Resolved
03 November 2020
business code Other professional services n.e.c. 16019.
Can ITR be filed under sec 44AD or 44ADA for services rendered under above business code?
Can ITR be filed under sec 44AD or 44ADA for services rendered under above business code?
03 November 2020
44ad for trading and contractor services, 44ADA for professional services only
03 November 2020
Does it mean that for those who choose business code 16019 ca not file their return under sec 44AD or 44ADA? Then they have to file under normal provisions. If they do not maintain accounts, then they can indicate profit less than 8%, without audit? If they earn a fee of 20 lakhs annually then do they have to compulsorily maintain accounts and provide P & L account and balance sheet?
04 November 2020
You have to file itr -3 in that you can able to choose other professional services in other business or professionals
05 November 2020
Sir, my query is whether in this case, in ITR3, profit can be shown under sec 44AD 0r 44ADA with choosing accounts not maintained or whether accounts are compulsory required to be maintained and P & L and B/S details have to be provided?
05 November 2020
You choose one more other than 44ad or 44 Ada you can declare income where you can choose other professional income
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
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- TDS U/S. 194NF
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- Inventory of finished goods
- 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?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
