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Lathe machine work

This query is : Resolved 

01 August 2019 DEAR SIR,

ONE OF MY CLIENT DOING LATHE MACHINE WORK MEANS METAL CUTTING, DRILLING, ETC. SO MY QUESTION IS CAN FILE INCOME TAX RETURN U/S 44ADA PROFESSIONAL INCOME OR INCOME FROM OTHERS SOURCES.

REGARDS

01 August 2019 It will fall under works contract and fall under business income eligible to opt 44AD.

01 August 2019 THANK YOUR SIR,

NO, NOT A WORKS CONTRACT DAILY MECHANICS SEND SOME PIECE OF WORKS LARGE OR SMALL QUANTITY. SO MY QUESTION IT IS FALL UNDER PROFESSIONALS NOTIFIED UNDER SECTION 44ADA MEANS ENGINEERING WORKS.

REGARDS


01 August 2019 It will not faii under 44ADA.

01 August 2019 THANK YOU SIR,

REGARDS



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