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44ad

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Hello sirs, 

I have an assesses who has an one of the income in his return as under mentioned 44ad and also he has the income from different other heads such like

Income from salaries

Income from Income from House property

Income from Profession I

ncome from other sources

So, if a assesses to claim 44ad income under said section should he not have claimed any exception under 10A,10AA,10B,80RR,etc? or Can assesses should not mention any other income when he has mentioned 44ad? suggest mee what are all the conditions can assesses have under income tax act?

Read more at: /experts/modify_message.asp?entry_id=756706

Replies (1)

Hello Hari,

Sec 44AD is to calculate income on presumptive basis for particular business and not on entire income of assessee.

so calculate 8% of turnover for income from business and show rest income as it is.


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