Applicability of section 44ad on c.oaching/tution classes
This query is : Resolved
07 May 2014
Do a individual running coaching classes on small scale basis from her residence covered under section 44AD
07 May 2014
Yes if it crosses the limit mentioned in the section.
U may visit the following link:-
https://law.incometaxindia.gov.in/DIT/HtmlFileProcess.aspx?FooterPath=D:\WebSites\DITTaxmann\Act2010\DirectTaxLaws\ITACT\HTMLFiles\2011&DFile=section44ad.htm&tar=top#
U may visit the following link:-
https://law.incometaxindia.gov.in/DIT/HtmlFileProcess.aspx?FooterPath=D:\WebSites\DITTaxmann\Act2010\DirectTaxLaws\ITACT\HTMLFiles\2011&DFile=section44ad.htm&tar=top#
07 May 2014
Sir,
I meant to ask whether coaching classes is eligible business for the purpose of section 44AD.
The word business is used.
I think Business doesn't covers profession and coaching classes comes under profession.
I meant to ask whether coaching classes is eligible business for the purpose of section 44AD.
The word business is used.
I think Business doesn't covers profession and coaching classes comes under profession.
07 May 2014
If it is not the main source of income then it comes under other income. Suppose u r an employee of a concern & getting salary PM. U also took classes of some students like junior class, but is is not regular. So this income earned by u from those class would b ur other income.
And if a teacher(Professional) is running a coaching institute then it is Business income of the tutor.
And if a teacher(Professional) is running a coaching institute then it is Business income of the tutor.
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07 May 2014
I would like to in form you that main profession of individual is taking tution classes and she doesn't comes under Incoem Tax audit.
Now the tution income comes under eligible business for section 44AD.
Can you please explain applicability of section 44AD on coaching/tution classes?
Now the tution income comes under eligible business for section 44AD.
Can you please explain applicability of section 44AD on coaching/tution classes?
08 May 2014
Dear Akshay.
The answer is Yes. it is covered under 44AD.
Reason for the same is that 44AD excludes only those professions as are covered under 44AA and tuition is not included in 44AA.
The answer is Yes. it is covered under 44AD.
Reason for the same is that 44AD excludes only those professions as are covered under 44AA and tuition is not included in 44AA.
08 May 2014
Thank you sir for sharing valuable feedback.
08 May 2014
you are welcome Akshay..
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