Applicability of Section 44 AD in case of Income

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This discussion explores whether Section 44AD, the presumptive taxation scheme, can be applied to parking rental income for a senior citizen who also receives pension income. The consensus suggests that rental income from a single unit is typically classified under Income from House Property, not as business income eligible for Section 44AD. Therefore, it's unlikely the presumptive scheme would apply to the parking rental income in this scenario.

Neha

Neha (Querist)
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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.
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