Benefits or perquisites received in respect of business or profession (Section 194R) AND 44ad
This query is : Resolved
24 December 2024
Hii,
Can we show income from Benefits or perquisites received in respect of business or profession (Section 194R) in 44ad as gross receipt as business have made an expenses to earn the income.
Is GST will be applicable on such receipt.
Can we show income from Benefits or perquisites received in respect of business or profession (Section 194R) in 44ad as gross receipt as business have made an expenses to earn the income.
Is GST will be applicable on such receipt.
24 December 2024
No. Sec. 44AD is not applicable over the benefits or perquisites received. GST applicable if the supplier is registered.
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