44ad

This query is : Resolved 

27 July 2013 Dear Sir,
A person who works as Halwai on the occasion of marriages etc for wages and the materials are provided by Host of program.

Whether the above assessee can opt section 44ad for the wages received.




28 July 2013 Yes. he can opt the section 44AD and file ITR4S with showing 8% presumptive income

28 July 2013 Which business code should be applicable while filing itr4S.

28 July 2013 You can mention code 0505- Contractor others.
.

28 July 2013 Agree with PARAS sir..


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