Lathe machine work
This query is : Resolved
raghavendra b
(Querist)
01 August 2019
DEAR SIR,
ONE OF MY CLIENT DOING LATHE MACHINE WORK MEANS METAL CUTTING, DRILLING, ETC. SO MY QUESTION IS CAN FILE INCOME TAX RETURN U/S 44ADA PROFESSIONAL INCOME OR INCOME FROM OTHERS SOURCES.
REGARDS
ONE OF MY CLIENT DOING LATHE MACHINE WORK MEANS METAL CUTTING, DRILLING, ETC. SO MY QUESTION IS CAN FILE INCOME TAX RETURN U/S 44ADA PROFESSIONAL INCOME OR INCOME FROM OTHERS SOURCES.
REGARDS
CA R SEETHARAMAN
(Expert)
01 August 2019
It will fall under works contract and fall under business income eligible to opt 44AD.
raghavendra b
(Querist)
01 August 2019
THANK YOUR SIR,
NO, NOT A WORKS CONTRACT DAILY MECHANICS SEND SOME PIECE OF WORKS LARGE OR SMALL QUANTITY. SO MY QUESTION IT IS FALL UNDER PROFESSIONALS NOTIFIED UNDER SECTION 44ADA MEANS ENGINEERING WORKS.
REGARDS
NO, NOT A WORKS CONTRACT DAILY MECHANICS SEND SOME PIECE OF WORKS LARGE OR SMALL QUANTITY. SO MY QUESTION IT IS FALL UNDER PROFESSIONALS NOTIFIED UNDER SECTION 44ADA MEANS ENGINEERING WORKS.
REGARDS
CA R SEETHARAMAN
(Expert)
01 August 2019
It will not faii under 44ADA.
raghavendra b
(Querist)
01 August 2019
THANK YOU SIR,
REGARDS
REGARDS
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