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Sec 44ad and 44ada applicable

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(Querist)
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.
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CA Raj Doshi

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

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



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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
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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