This discussion addresses whether a client involved in exhibition stall fabrication, with a turnover of £80 lakh, can file their Income Tax Return (ITR) using Form ITR-4 under Section 44AD of the Income Tax Act. The consensus is that this type of service generally qualifies as a business, making it eligible for Section 44AD, provided no specific professional services are involved.
02 July 2025
Our client is engaged services in exhibition stall fabrication. can we file ITR-4 return under SECTION 44AD. Client's turnover is 80 lakh.
02 July 2025
Generally, organizing, planning, executing events are treated as business, not profession, for tax purposes. So, if your activity doesn't involve any specific professional services, you can opt for sec. 44AD IT act.