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Section 44ad

This query is : Resolved 
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(Querist)
20 July 2013 Can we file ITR of beauty parlous income u/s 44AD.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
20 July 2013 NO, because as per instructions of ITR-4 it comes as a line item in the sub heading PROFESSIONALS with code 0702.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
20 July 2013 Above observation is wrong.

It happened because of the mistakes in the instructions given in ITR-4 of the assessment year 2013-14. The mistake is in the column 'sector' wherein serial numbers nos 7 to 9 and the respective headings were missed out. I have compared with the corresponding instructions given in ITR4 for the assessment year 2012-13 and reconsider my observation as below.

Beauty parlour comes under 'BUSINESS' hence 44AD can be opted. However code remains the same as 0702.
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