Section 44ad
This query is : Resolved
24 July 2016
Is it correct to show income as per section 44 AD if the assessee is receiving income from carrying out a meditation instruction.
CA. Sunil Gokhale
(Expert)
24 July 2016
Yes, no problem.
03 August 2016
THANK YOU SIR,
My doubts need further clarification, Since section 44AD doesn't apply to professional. isn't the assessee being refered above come under the meaning of profession?
My doubts need further clarification, Since section 44AD doesn't apply to professional. isn't the assessee being refered above come under the meaning of profession?
03 August 2016
THANK YOU SIR,
My doubts need further clarification, Since section 44AD doesn't apply to professional. isn't the assessee being refered above come under the meaning of profession?
My doubts need further clarification, Since section 44AD doesn't apply to professional. isn't the assessee being refered above come under the meaning of profession?
CA. Sunil Gokhale
(Expert)
03 August 2016
There are only certain activities which are considered as 'profession' for this purpose. Rest are all business. Even teaching is 'business'
Message likes :
1 times
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
