S-44ad

This query is : Resolved

Mohit Taneja (Querist)
Follow

19 March 2013 Whether Tailoring Business is eligible for S-44AD?? Or whether its a "Profession", & thereby donot cover in S-44AD ??

The said tailor works in 2 style:
1. Purchase Fabric & stitches it & then sells clothes. (Simply Sale)
2. Client give him clothes & he stitches it & return the clothes. (Receives Job Charges).

CA. PIYUSH GOEL

CA. PIYUSH GOEL (Expert)
Follow

21 March 2013 dear mohit..

logically business means sale purchase of any article or goods..

it your case it will depend upon which type of income is major.. sale or job work..

apply it accordingly..

because mere tailoring is not a profession but a service and logically 44AD does not attract in case of service concerns.