Deemed income us/ 44 ad

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avtar (Querist)
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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

Deepti Asawa

Deepti Asawa (Expert)
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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.

Rupesh Jain

Rupesh Jain (Expert)
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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

avtar

avtar (Querist)
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12 July 2014 thank you very much for quick reply

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