Can I show net profit less than 50 % on gross receipt income from coaching classes & tution??
Manoj Gonarkar (Accountant) (125 Points)
03 September 2018Can I show net profit less than 50 % on gross receipt income from coaching classes & tution??
Ashwin Kumar
(CA ipcc)
(447 Points)
Replied 03 September 2018
income by way of profession. Under 44ad you should show a minimum 50% profit.
Manoj Gonarkar
(Accountant)
(125 Points)
Replied 03 September 2018
Krati Agrawal
(79 Points)
Replied 03 September 2018
Manoj Gonarkar
(Accountant)
(125 Points)
Replied 04 September 2018
Avtar Singh
(363 Points)
Replied 04 September 2018
priyatambika
( ca final student)
(323 Points)
Replied 04 September 2018
private tuition is not a specified profession u/s 44ADA, so here nothing like 50 %.profit claiming..
CAclubindia
