44AD OR 44ADA for Architect
Prithviraj Das (128 Points)
25 July 2022
If an Architect is involved in purchase and sale of goods, can he show sales under 44 Ada along with professional fees ?
Prithviraj Das (128 Points)
25 July 2022
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160574 Points)
Replied 25 July 2022
Sale & purchase under the same banner of proprietor ship firm?
Or any different firm for such business activity?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160574 Points)
Replied 25 July 2022
Though he can declare the sale consideration along with his professional receipts, but it will be expensive event.
Prithviraj Das
(128 Points)
Replied 25 July 2022
CA PARTH SHAH
(In Practice)
(1951 Points)
Replied 26 November 2022
If you are billing seperately for goods and services, you can show trading of goods under 44AD and architecture fees under section 44ADA.
CA PARTH SHAH
(In Practice)
(1951 Points)
Replied 26 November 2022
You have to show the professional Fees of 2 lakhs as income in ITR. In gst you have to show that income in Annual Return and pay the gst via DRC-03
CAclubindia
