Applicability of Section 44 AD in case of Income
This query is : Resolved
Quick Summary
07 August 2025
If a senior citizen Having Pension income of 18 lakhs per annum and also has Parking Rental Income of 15 lakhs per year. Can he file a return which shows Parking Income as Income from Business & Profession having taxability under section 44AD presumptive taxation and the pension part separately under Income from Salary.
Please Guide
Thanks in Advance
Please Guide
Thanks in Advance
Dhirajlal Rambhia
(Expert)
07 August 2025
Rental income from a single unit is not considered as business. It comes under income from HP.
Dhirajlal Rambhia
(Expert)
24 September 2025
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