Eligible Assessee for section 44 AD
This query is : Open
CA Amrita Chaudhary
(Querist)
05 June 2017
a individual is showing his income as consultancy business. nature of business is SERVICES OTHER
Can he file his ITR 4S for A.Y. 2016-17
plz Reply with explantion as I am confuse with the word specify in section 44AD "ANY BUSINESS "
can we understand it as any business whether it is services or this section is only for trading/manufacturing business ?
CA Rashmi Gandhi
(Expert)
05 June 2017
It is not covered u/s 44AD as consultancy services is profession & profession is not covered under Sec 44AD
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