in case of Decorations business which section applicable in income tax?
please reply as soon as possible
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44AD/ 44ADA?
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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