TV (Television) Repair/Service Work

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Prakash Nayak (Querist)
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23 October 2021 My Customer doing TV repair/Service work. It is coming under Sec 44AD or 44ADA.
Which sec can I file it.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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23 October 2021 You can declare it u/s. 44AD of IT act..

Prakash Nayak

Prakash Nayak (Querist)
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23 October 2021 Thank you sir for your valuable Reply. And one more thing 50% profit applicable or not ?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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23 October 2021 Under sec 44AD there is cap of minimum profit margin, but not for maximum, or whatever actually earned.
So go ahead if you have 90% profit margin also..

Prakash Nayak

Prakash Nayak (Querist)
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23 October 2021 Thank you Sir Very much. It is highly helpful me.

Message likes : 1 times

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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23 October 2021 My Pleasure ....

Prakash Nayak

Prakash Nayak (Querist)
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23 October 2021 He is doing TV Repair in rented premise. can i mention residence address or Business address in ITR

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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23 October 2021 Copy the address as per PAN...

Prakash Nayak

Prakash Nayak (Querist)
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23 October 2021 In PAN there is residential address not business address (Proprietary Concern). M customer applying loan for house construction in nationalized Bank. The house address sufficient for bank.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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23 October 2021 Yes, till the address in PAN gets changed, it will be same for any Governmental agency, be it Bank.

Prakash Nayak

Prakash Nayak (Querist)
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23 October 2021 Thank you Sir, I learned so much from you. Once again Thank you .

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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23 October 2021 Most Welcome...