Section 44ada
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 December 2017
Dear all
my client was dance master, so he is professional,
CBDT U/s 44ADA notifies some (seven) Professionals,
as per above section they have to file IT Returns either 50% offering on Gross Receipts or Tax audit
dance master (not cinema field) not covered above section
he is not maintaining books of account
so now i want to file this case in ITR 4 in P&L at Serial No.53 (with out books of accounts)
Is it correct or it to be audited
my client was dance master, so he is professional,
CBDT U/s 44ADA notifies some (seven) Professionals,
as per above section they have to file IT Returns either 50% offering on Gross Receipts or Tax audit
dance master (not cinema field) not covered above section
he is not maintaining books of account
so now i want to file this case in ITR 4 in P&L at Serial No.53 (with out books of accounts)
Is it correct or it to be audited
07 December 2017
Section 44ADA not applicable as he is not a notified professional. But return can be filed u/s 44AD showing 8% as net profit out of total receipts.
Expert : Anonymous
Expert :
Anonymous
(Expert)
07 December 2017
As per my view.,
The dance master is a teacher of the dance. He ll follow normal provision of filing...
12 October 2021
Mr. Goyal is correct, under Business code 17007 sec. 44AD is available for declaration.
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