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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
