SALON BUSINESS TO BE CONSIDERED UNDER 44AD OF 44ADA BUSINESS INCOME. ?
Vishwajeet Vilas Gaikwad (22 Points)
07 September 2021Vishwajeet Vilas Gaikwad (22 Points)
07 September 2021
Deepak Kumar
(791 Points)
Replied 07 September 2021
Vishwajeet Vilas Gaikwad
(22 Points)
Replied 08 September 2021
Deepak Kumar
(791 Points)
Replied 08 September 2021
yes you can show income from business 44AD but you have show minimum profit 8% or 6% of our Gross Receipt But not shown 50% profit of Gross receipt
Ganesan B
(EXECUTIVE IN NBFC)
(100 Points)
Replied 08 September 2021
There is no specific qualification specified for each professional service. Service through any profession and the income derived from such profession is only covered under 44ADA.
Vishwajeet Vilas Gaikwad
(22 Points)
Replied 08 September 2021
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