HELLO FRIENDS, CAN ANYBODY TELL ME, WHETHER BEAUTY PARLOUR AND BOUTIQUE WHICH DOES ONLY STITCHING WORK IS BUSINESS OR PROFESSION.
CAN I FILE TH RETURN UNDER SEC 44AD. OR NOT
BEACUSE SEC44AD IS ONLY FOR THE BUSINESS.
THANKS.
RAJ KUMAR (FINANCE MANAGER) (1393 Points)
01 October 2011HELLO FRIENDS, CAN ANYBODY TELL ME, WHETHER BEAUTY PARLOUR AND BOUTIQUE WHICH DOES ONLY STITCHING WORK IS BUSINESS OR PROFESSION.
CAN I FILE TH RETURN UNDER SEC 44AD. OR NOT
BEACUSE SEC44AD IS ONLY FOR THE BUSINESS.
THANKS.
RAJ KUMAR
(FINANCE MANAGER)
(1393 Points)
Replied 01 October 2011
NO, SEC 44AD APPLIES TO ALL BUSINESS.
RAJ KUMAR
(FINANCE MANAGER)
(1393 Points)
Replied 01 October 2011
NOW WHT IS THE ANS.?
I CANT FILE THE RETURN OF BEAUTY PARLOUR AND BOUTIQUE IN ITR-4S.
BECAUSE THESE ARE PROFESSIONS.
I AM RIGHT OR NOT?
PLS. HELP ME.