INCOME TAXABILITY FOR GOODS & SERVICES
This query is : Resolved
Quick Summary
devendra gite
(Querist)
20 March 2021
HELLO
SKIN & HAIR SPECILIST DOCTOR IS PROVIDING CONSULTANCY SERVICES & ALSO SELLING MEDICINE
CAN HE FILE ITR SHOWING 8% PROFIT ON SELL OF MEDICINE & 50% PROFIT ON SALES OF CONSULTANCY SERVICES IN RELATION TO HAIR & SKIN AS PER SECTION 44AD & 44ADA
PLEASE ADVICE
SKIN & HAIR SPECILIST DOCTOR IS PROVIDING CONSULTANCY SERVICES & ALSO SELLING MEDICINE
CAN HE FILE ITR SHOWING 8% PROFIT ON SELL OF MEDICINE & 50% PROFIT ON SALES OF CONSULTANCY SERVICES IN RELATION TO HAIR & SKIN AS PER SECTION 44AD & 44ADA
PLEASE ADVICE
CA R SEETHARAMAN
(Expert)
20 March 2021
Yes, he can opt 44AD for medicine sale and 44ADA for his service.
20 March 2021
Yes he can opt both 44AD & 44ADA.
Dhirajlal Rambhia
(Expert)
28 October 2021
Sub-Sec 44AD(6) Stats.... The provisions of this section, notwithstanding anything contained in the foregoing provisions, shall not apply to—
(i) a person carrying on profession as referred to in sub-section (1) of section 44AA;
(ii) a person earning income in the nature of commission or brokerage; or
(iii) a person carrying on any agency business.
(i) a person carrying on profession as referred to in sub-section (1) of section 44AA;
(ii) a person earning income in the nature of commission or brokerage; or
(iii) a person carrying on any agency business.
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