Section 44ad
This query is : Resolved
20 July 2013
Can we file ITR of beauty parlous income u/s 44AD.
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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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.
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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