GREETINGS !!

I WANT TO UNDERSTAND HOW I CAN TAKE BENEIT SECTION 24 OR 24A OR HOUSE PROPERTY OR HOME LOAN .. THE SCENARIO IS AS FOLLOWS ..

I HAVE AN APARTMENT IN MAHARASHTRA ( NO HOME LOAN ) OCCUPIED BY PARENTS WHICH I THINK CAN BE CONSIDERED AS BOUGHT LET OUT OR DEEMED LET OUT .. I BOUGHT AN APARTMENT UNDER CONSTRUCTION IN KARNATAKA IN JAN 2016 WITH A HOME LOAN .. HOME LOAN WAS ALSO TAKEN IN JAN 2016 .. THE APARTMENT IS STILL UNDER CONSTRUCTION .. KINDLY LET ME KNOW HOW I CAN TAKE THE DEDUCTION BENEFIT FOR THE SAME .. ALSO I NEVER TOOK THIS BENEFIT IF ANY SINCE 2016 .. CAN I AVAIL THAT BENEFIT BY REFILING MY IT RETURNS FROM 2016 ...

KINDLY GUIDE

Hi Everyone
A client has taken a collection center of Pathkind Labs who provide pathology services. Collection center take blood samples and send it to testing lab of the company, it has employed a DMLT person for the same. Collection centers pays advance amount to Pathkind which reflects in virtual account of collection center in company's billing system. For every test entered only cost of the test is debited from virtual account. Collection center charges MRP of the test from customers. In 26AS the company shows MRP-COST as amount paid to the center and charges TDS on the same. TDS is recovered from virtual account every month.
Please help me with following queries.
1. Will income be considered in' the nature of commission or brokerage" hence it will be disqualified as business in Sec 44AD?
2. If yes then can the owner of collection center be considered as professional ( He doesn't have any professional qualification) in medical field and can file ITR in Sec 44ADA?
3. If No can the owner file ITR in presumptive income under Sec 44AD?
4. What should be the revenue for center amount MRP or MRP-cost?

I have searched this topic in forum and views of experts are contradictory.

Warm Regards


Kuldeep Saraswat

Managing Partner

Fortune Finance

www.fortune-finance.in

Email: kuldeep.fortune@gmail.com; kuldeep@fortune-finance.in

Mobile: +91-9899 55 0355

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