44ad applicability.
This query is : Resolved
10 January 2016
My friend earns fees from providing Karate / Martial Arts Training. I want to know whether we can opt for 44AD in the above case.
Section 44AD has a reference to Section 44AA, wherein it mentions that Profession covered / mentioned under Section 44AA (1) cannot opt for Section 44AD. However it doesn't mention Karate / Martial Arts Coaching.
Please share your views on this.
Thanks,
Nandeep.
Section 44AD has a reference to Section 44AA, wherein it mentions that Profession covered / mentioned under Section 44AA (1) cannot opt for Section 44AD. However it doesn't mention Karate / Martial Arts Coaching.
Please share your views on this.
Thanks,
Nandeep.
10 January 2016
Providing karate.martial arts can't be considered as business hence 44AD not applicable. 44AD applicable only to eligible business.
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