194jb


This query is : Resolved 

Quick Summary
Income earned under Section 194JB is considered professional income, not business income. Therefore, it is not eligible to be claimed under Section 44AD. Instead, Section 44ADA is the applicable provision for this type of income.

03 September 2021 sir,
can income earned under sec 194jb claimed as business income under 44ad while filing .

04 September 2021 No it's professional income only 44ADA applicable.

04 September 2021 Thank u very much sir


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