Applicabilty of section 44ad & 44ada.
This query is : Resolved
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..
22 March 2018
Not eligible to opt 44ADA since a student and not a professional as defined
in 44AA(1).
in 44AA(1).
22 March 2018
but not a profession covered under 44AA(1). You should know that as a CA final student
22 March 2018
Thanks you sir, Can I show this income under section 44AD.
22 March 2018
No...
Sec 44AD is not applicable for the Service of Tuition.
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