Section 44 ad
This query is : Resolved
Shehin M K
(Querist)
30 May 2017
My client is providing Branding, promotional campaign, designing logos etc. and have a turnover of 40 lakhs. Can 44 Ad applicable so that profit can be taken @ 8℅?
Shehin M K
(Querist)
30 May 2017
Do it considered as a profession of business? TDS is deducted under section 194C and 194 J. My doubt is that do it considered as a profession since Tds is deducted under section 194 J?
CA Mohit Kumar
(Expert)
30 May 2017
your business is not covered under profession defination u/s44AA of IT Act. . you may choose 44AD
CA R SEETHARAMAN
(Expert)
30 May 2017
In respect portion TDS deducted u/s 194C opt for 44AD and declare 8% profit.
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