Sec 44ad and 44ada applicable

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This discussion clarifies the applicability of Sections 44AD and 44ADA for income tax returns. While ITR forms may allow entering details for both sections simultaneously, the law generally prohibits claiming both. Specifically, Section 44AD is not eligible for individuals engaged in professions listed under Section 44AA(1).

Kollipara Sundaraiah

Kollipara Sundaraiah (Querist)
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26 July 2020 Assess income from professional 40 lacs
Turnover of cement business 90 lacs

Assess I.t. return filed both sec 44ad and sec 44ada applicable.

CA Raj Doshi

CA Raj Doshi (Expert)
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26 July 2020 Yes. Can offer income under Sec 44AD and 44ADA in ITR 4

RAJA P M

RAJA P M (Expert)
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29 July 2020 YES... ASSESSEE CAN BE FILE UNDER BOTH SECTION...

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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28 October 2021 Though ITR forms are accepting both the sections at a time, but it is not accepted under law.
Sec. 44 AD is not eligible for.. as per sub-sec 6(i) ... a person carrying on profession as referred to in sub-section (1) of section 44AA .....

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