INCOME TAXABILITY FOR GOODS & SERVICES

This query is : Resolved

devendra gite (Querist)
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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

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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20 March 2021 Yes, he can opt 44AD for medicine sale and 44ADA for his service.

Spurto Consultancy Services

Spurto Consultancy Services (Expert)
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20 March 2021 Yes he can opt both 44AD & 44ADA.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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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.

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