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44AD/ 44ADA?

mehul patel (article) (213 Points)

12 March 2018

in case of Decorations business which section applicable in income tax?

please reply as soon as possible

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4 Replies

CA Mayur Todmal (Practicing CA) (7756 Points)
Replied 12 March 2018

44AD (assuming person is not interior decorator by profession)

as 44ADA covers only follwoing professions

1) Legal 2) Medical 3) Engineering or architectural 4) Accountancy 5) Technical consultancy 6) Interior decoration 7) Any other profession as notified by CBDT

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prasad Nilugal ( GST Practitioner & Accounts ) (14801 Points)
Replied 12 March 2018

Interior Decoration profession is under section 44 ADA of the Income tax act 1962 .Your gross receipt dose not exceed 50 lacs in the F.Y. (Not other Decorations)

Applicable only for Individual , partnership firm & HUF .

mehul patel (article) (213 Points)
Replied 12 March 2018

to provide decorations material in marriage occasion like mandap, chair,sofa, utensils,metress etc

Saifullah Khalid (Autodidact/Curious ) (633 Points)
Replied 12 March 2018

Originally posted by : mehul patel
	to provide decorations material in marriage occasion like mandap, chair,sofa, utensils,metress etc

What you said above is classified as "Bussiness activity" so if your turnover is within limits of sec 44AD (200 lakhs) then you can definitely opt sec 44AD for above mentioned bussines .