Sec 44ad and 44ada applicable

This query is : Resolved 

26 July 2020 Assess income from professional 40 lacs
Turnover of cement business 90 lacs

Assess I.t. return filed both sec 44ad and sec 44ada applicable.

26 July 2020 Yes. Can offer income under Sec 44AD and 44ADA in ITR 4

29 July 2020 YES... ASSESSEE CAN BE FILE UNDER BOTH SECTION...


28 October 2021 Though ITR forms are accepting both the sections at a time, but it is not accepted under law.
Sec. 44 AD is not eligible for.. as per sub-sec 6(i) ... a person carrying on profession as referred to in sub-section (1) of section 44AA .....



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries