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How to show income under 44ad?

vikram tiwari (nothing) (49 Points)

23 March 2017

I HAVE A TWO CLIIENTS,FIRST IS PHYSIOTHERAPIST AND SECOND IS HAVING A SALOON OR BEAUTY PARLOR.

MY QUESTION IS WHETHER I SHOW INCOME UNDER44AD ?? IF YES WHAT PROFIT % SHOULD I DISCLOSED?

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vikram tiwari (nothing) (49 Points)
Replied 23 March 2017

Originally posted by : vikram tiwari
	I HAVE A TWO CLIIENTS,FIRST IS PHYSIOTHERAPIST AND SECOND IS HAVING A SALOON OR BEAUTY PARLOR. MY QUESTION IS WHETHER I SHOW INCOME UNDER44AD ?? IF YES WHAT PROFIT % SHOULD I DISCLOSED?

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160327 Points)
Replied 23 March 2017

Which assessment year?

1 Like

vikram tiwari (nothing) (49 Points)
Replied 23 March 2017

Assessment year 2015-16 And 2016-17

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160327 Points)
Replied 24 March 2017

Please note that "An owner of Physiotherapy center or Saloon can declare its income u/s. 44AD" but not a professional.

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vikram tiwari (nothing) (49 Points)
Replied 24 March 2017

But sir what % of profit should be disclosed??

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160327 Points)
Replied 25 March 2017

May God Bless You. Well, section 44AD allows anything more than 8%.

vikram tiwari (nothing) (49 Points)
Replied 26 March 2017

sir, i know section 44AD allows anything more than 8%..but my question is that can i show 30 to 35% of profit?

because somebody told me does not show more than 25%. my client income is 265000 and if i show 25% of profit than my turnover is 1000000. here qu of service tax is also arise.so what can i do?