Deemed income us/ 44 ad
This query is : Resolved
08 July 2014
sir,
i have an question my one of friends have income from clinc , salary and income from professional fee can he claim 8% as deemed profit aganist professional fee u/s 44 AD please advise
avtar
i have an question my one of friends have income from clinc , salary and income from professional fee can he claim 8% as deemed profit aganist professional fee u/s 44 AD please advise
avtar
08 July 2014
u/s 44AD eligile business = any business other than profession, commision income, business of goods carriage and whose turnover more than 1 crore.
So that professional fee not eligible for 44AD.He can not claim 8% deemed profit.
So that professional fee not eligible for 44AD.He can not claim 8% deemed profit.
08 July 2014
no it is specified professional it has to maintain the books of accounts and file ITR-4 . he can not file itr u/s 44AD
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