business or profession
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 July 2011
a event management firm has provided services for promotion and launching of a product in market.
TDS has been deducted under section 194J.
Whether it will be covered under business or profession.
Can I calculate income under section 44AD for it ?
TDS has been deducted under section 194J.
Whether it will be covered under business or profession.
Can I calculate income under section 44AD for it ?
15 July 2011
44AD not available for profession
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 July 2011
Whether all services for which TDS is deducted u/s. 194J will covered undeer professsion ?
16 July 2011
Event Management is a service but not a profession. TDS has been made under 194J doesnot mean it is profession. So, in this case, it will be covered under business. You can go for 44AD in this case.
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