44AD/ 44ADA?

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in case of Decorations business which section applicable in income tax?

please reply as soon as possible
Replies (4)

44AD (assuming person is not interior decorator by profession)

as 44ADA covers only follwoing professions 

1) Legal 2) Medical 3) Engineering or architectural 4) Accountancy 5) Technical consultancy 6) Interior decoration 7) Any other profession as notified by CBDT

Interior  Decoration   profession is  under section 44 ADA  of the  Income tax act 1962 .Your gross  receipt  dose not exceed 50 lacs  in the F.Y. (Not other Decorations)

Applicable  only  for Individual , partnership firm  & HUF .

to provide decorations material in marriage occasion like mandap, chair,sofa, utensils,metress etc
Originally posted by : mehul patel
to provide decorations material in marriage occasion like mandap, chair,sofa, utensils,metress etc

What you said above is classified as "Bussiness activity" so if your turnover is within limits of sec 44AD (200 lakhs) then you can definitely opt sec 44AD for above mentioned bussines .


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