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Revise return

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Anil sharma (Querist)
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20 January 2017 i have consultancy receipt , on which tds is deducted under 194 J, CAN I FILE INCOME TAX RETURN UNDER 44 AD FOR A.Y.2016-17, MY RECEIPT IS LESS THAN 2,00,000.I DONT WANT TO SHOW UNDER HEAD BUISESS AND PROFESSION , ONE PROBLEM UNDER 44 AD IS I DID NOT INCURRED ANY EXPENSES THEN SHOULD I SHOW 100% UNDER 44 AD(WHICH IS MORE THAN 8%) , UNDER THE 44 AD SEXTION PROFESSIONAL FEES IS NOT CONSIDER, PLEASE GUIDE UNDER WHICH HEAD SHOULD I FILE

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
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21 January 2017 If consultancy is your regular business or profession income you have to show the same under income from business or profession. If consultancy pertains to a profession notified u/s 44AA you shall not be able to declare u/s 44AD because in that case you have to keep books of account.

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