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Presumptive income under 44ad

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05 October 2014 Dear Sir/Madam,

I am running coaching classes and my yearly income is around 14 lacs p.a.

Is it ok if i file my tax return under presumptive income under 44AD ?

Thanks

Best regards
Patel

05 October 2014 there are two views on this. one view is that since coaching is not covered under 44AA(1), it can be covered under 44AD

the other view is that no profession can be covered under 44AD. However, whether a coaching can be covered under the term profession itself is an issue

Among the above two, I am in favor of the first view.

05 October 2014 44AD not applicable for in your case since it is Professional Income.




19 October 2014 i go with sanjay bhai's view...............



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