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Applicabilty of section 44ad & 44ada.

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(Querist)
22 March 2018 I am a CA FINAL student and I have to file my income tax return showing income from tuition, if I show this income under section 44ADA, in that case ITR 3 will be applicable to me, and I will have to provide BALANCE SHEET AND P&L ACCOUNT in detail, is there any way to file return U/S 44ADA without any formalities..
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
22 March 2018 Not eligible to opt 44ADA since a student and not a professional as defined
in 44AA(1).
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TEDDU

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TEDDU (Querist)
22 March 2018 But teaching is also a profession.......



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Nikhil Kaushik online

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Nikhil Kaushik online (Expert)
22 March 2018 but not a profession covered under 44AA(1). You should know that as a CA final student
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TEDDU

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TEDDU (Querist)
22 March 2018 Thanks you sir, Can I show this income under section 44AD.
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RAJA P M

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RAJA P M (Expert)
22 March 2018 No... Sec 44AD is not applicable for the Service of Tuition.
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TEDDU

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TEDDU (Querist)
23 March 2018 Then under which section should show my income..?????

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