44AD OR 44ADA for Architect

25 July 2022

If an Architect is involved in purchase and sale of goods, can he show sales under 44 Ada along with professional fees ?

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6 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177824 Points)
Replied 25 July 2022

Sale & purchase under the same banner of proprietor ship firm?

Or any different firm for such business activity?

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Prithviraj Das (128 Points)
Replied 25 July 2022

Same proprietorship firm

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177824 Points)
Replied 25 July 2022

Though he can declare the sale consideration along with his professional receipts, but it will be expensive event.

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Prithviraj Das (128 Points)
Replied 25 July 2022

Sir, Where do I show profession fees of 2 lakhs in ITR which was not shown in gstr 1 mistakenly last year ?

CA PARTH SHAH (In Practice) (1951 Points)
Replied 26 November 2022

If you are billing seperately for goods and services, you can show trading of goods under 44AD and architecture fees under section 44ADA.

CA PARTH SHAH (In Practice) (1951 Points)
Replied 26 November 2022

You have to show the professional Fees of 2 lakhs as income in ITR. In gst you have to show that income in Annual Return and pay the gst via DRC-03

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