madhu krishna (-) (73 Points)
03 June 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177741 Points)
Replied 03 June 2017
If the income is declared under PGBP he can claim part of the rent paid as business expenditure along with other expenses.
Otherwise simply declare income u/s. 44 ADA, and get relief from books of accounts.
madhu krishna
(-)
(73 Points)
Replied 03 June 2017
44ada is only for legal, medical, technical,engineer,accountant,architect right..i think he willnot come under 44ADA
Hemanshu Rohitkumar Bakshi
(Credit Controller)
(197 Points)
Replied 03 June 2017
madhu krishna
(-)
(73 Points)
Replied 03 June 2017
techincal consultancy is not relevant to this profession ..i think so
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177741 Points)
Replied 03 June 2017
Any such profession when declared under presumptive assessment with 50% profit margin, are accepted without any query or applicable section!!
CAclubindia
