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business / profession - 44ad

06 July 2018

1st
Huf proprietorship - diagnostics lab center

Husband - gastro dr.
Wife - pathologist

44ad applies or not???
Profit declaration
Business 8%/ profession50% ???

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2 Replies

Kalpesh (Chartered Accountant) (349 Points)
Replied 06 July 2018

Being professionals Sec 44ADA will be applicable. Hence, 50%.

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Saifullah Khalid (Autodidact/Curious ) (633 Points)
Replied 06 July 2018

Originally posted by : Ranjan Verma
	1stHuf proprietorship - diagnostics lab centerHusband - gastro dr.Wife - pathologist44ad applies or not???Profit declarationBusiness 8%/ profession50% ???

(1) Huf proprietorship >> 44AD applicable.
(2) Husband - gastro dr. >> 44ADA Aplicable.
(3) Wife - Pathologist >> If running her own Path Lab then 44AD applicable / if working as a consultant with some other Path Lab then 44ADA applicable.