14 October 2017
Dear experts,
If a doctor has salary income for part of the year and PGBP for part of the year then which ITR FORM should he choose for AY 2016-17. Is the ITR-4S is the right choice.....
KINDLY REPLY SOON
THANKS
15 October 2017
As per Section 44AD(6) of the Income Tax Act, 1961, the provisions of Sec.44AD are not applicable to – (1) persons carrying on professions that are referred to in Sec.44AA(1), (2) persons earning income in the nature of commission or brokerage, and (3) persons carrying on any agency business.As seen from the return of income filed, the nature of business code mentioned is 00604 Medical professionals, which falls in the categories mentioned above. Hence, the provisions of Sec.44AD are not applicable, in your case.
15 October 2017
In ITR 4S you cannot file the return of specified provision as medical is profession is a specified profession.
Do you have to file ITR4
15 October 2017
Dear Raja Ji,
As per Me ITR 4S cannot be filled because 44ADA has been inserted from FA 16 and it is applicable for AY 17-18 and onwards
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