Section 44ad, and itr4s

This query is : Resolved

Querist : Anonymous

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 ?

Amol S Joglekar

Amol S Joglekar (Expert)
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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

Querist : Anonymous (Querist)

31 October 2015 IT MEANS 44AD MAY APPLY TO CONSULTANCY BUSINESS.

Nitin Bhuta

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

Amol S Joglekar

Amol S Joglekar (Expert)
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02 November 2015 Yoga consultant may opt for 44AD.....

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