Section 44ad, and itr4s


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Querist : Anonymous

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Querist : Anonymous (Querist)
30 October 2015 RESPECTED SIRS,

1. CONSULTANCY INCOME (PROPERTY BUYING/SELLING)

2. GYNM/HEALTH CONSULTANT (CONSULTING YOGA AND EXERCISE)

CAN ABOVE ASSESSEE FILE ITR 4S ?

30 October 2015 The provisions of section 44AD shall not apply to—
(i) a person carrying on profession as referred to in sub-section (1) of section 44AA;
(ii) a person earning income in the nature of commission or brokerage; or
(iii) a person carrying on any agency business.

Both the above , if properly phrased in the invoice....can opt for 44AD

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 October 2015 IT MEANS 44AD MAY APPLY TO CONSULTANCY BUSINESS.

Nitin Bhuta (Expert)
31 October 2015 44AD is applicable so one can't opt for ITR 4S

02 November 2015 Yoga consultant may opt for 44AD.....


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