Sec 44ad and 44ada applicable
This query is : Resolved
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.
Turnover of cement business 90 lacs
Assess I.t. return filed both sec 44ad and sec 44ada applicable.
26 July 2020
Yes. Can offer income under Sec 44AD and 44ADA in ITR 4
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 .....
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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