I am trading digital wall paper with charge labor charge for installation my question is digital wallpaper is falling business or professional which section coming to picture under section 44Ad or ADA please guide me
Professionals engaged in the following professions are eligible:
Interior decorations
Technical consulting
Engineering
Accounting
Legal
Medical
Architecture
Other professionals, as mentioned below:
a. Movie artists includes a producer, editor, actor, director, music director, art director, dance director, cameraman, singer, lyricist, story writer, screenplay or dialogue writer and costume designers
b. Authorised representative means a person who represents another person for a fee before a tribunal or any authority constituted under any law. It does not include an employee of the person so represented or a person who is carrying on the profession of accountancy
If your gross receipt is below 50lakhs and you fall under any profession mentioned above you can file 44ada.
Else you can file 44AD. If 44AD is selected you have to continue for 5 years