Section 44ad
This query is : Resolved
20 July 2013
Can we file ITR of beauty parlous income u/s 44AD.
20 July 2013
NO, because as per instructions of ITR-4 it comes as a line item in the sub heading PROFESSIONALS with code 0702.
Message likes :
1 times
20 July 2013
Above observation is wrong.
It happened because of the mistakes in the instructions given in ITR-4 of the assessment year 2013-14. The mistake is in the column 'sector' wherein serial numbers nos 7 to 9 and the respective headings were missed out. I have compared with the corresponding instructions given in ITR4 for the assessment year 2012-13 and reconsider my observation as below.
Beauty parlour comes under 'BUSINESS' hence 44AD can be opted. However code remains the same as 0702.
It happened because of the mistakes in the instructions given in ITR-4 of the assessment year 2013-14. The mistake is in the column 'sector' wherein serial numbers nos 7 to 9 and the respective headings were missed out. I have compared with the corresponding instructions given in ITR4 for the assessment year 2012-13 and reconsider my observation as below.
Beauty parlour comes under 'BUSINESS' hence 44AD can be opted. However code remains the same as 0702.
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
- Gst registration in the state of maharashtra
- Service Provider GST
- After retirement
- 44AD PRESUMPTIVE RATE ON CREDIT SALES
- Input tax credit on modular office kitchen
- Huge late fee, keep pending as Limited Liability Concept
- TDS on property rent
- Wrong calculation in Assessment order and opted vivad se viswas scheme 2024
- Advt Expenses
- Regarding TDS..
- We generated an e-invoice for March 2025 on 14.04.2025, which was not uploaded in GSTR-1. Now, how t
- Capital Gains Tax - Short or Long - House Property
- RCM on Transport services
- Input Credit available in Credit ledger
- Merger of twu units under same PAN
- If the GSTR1 filed after due date and the invoices mentioned GSTR1-A, will we be able to claim ITC o
- REGARDING RETIREMENT OF PARTNER
- Regarding consequences of retirement of partner in firm
- Time Limit for Availment of ITC laying in ITC Reversal Ledger
- Tally entry - Debit note
Trending Online Classes
-
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
Industry Expert17 May 2025
CAclubindia
