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44ad and 44ada

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51 Points Posted on 20 August 2018
Sir if any one have business gross receipts 1200000 and he is able to show profit more than 8 %. Along with he has deducted tds under sec 194j for professional and technical fees received 115500
He is able to show profit upto 50%.
The question is that. Can he show business income under 44 ad and technical fees 44 ADA both?
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On 20 August 2018 at 20:22 Report
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"Do the Right Thing...!!!"
128152 Points Posted on 20 August 2018

Yes... He show the way...

You will show the profit @ 8% U/s 44AD  & 50% u/s 44ADA...

1 Reply
On 20 August 2018 at 21:01
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51 Points Posted on 20 August 2018
Thanku sir. Can you please provide me link which explains it.
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On 20 August 2018 at 21:03
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363 Points Posted on 20 August 2018
194 sec. TDS on Divided ,So u/S 44AD you should file the return.
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On 20 August 2018 at 21:10
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609 Points Posted on 20 August 2018
Yes what u said is exactly correct..
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On 20 August 2018 at 22:17
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"Do the Right Thing...!!!"
128152 Points Posted on 20 August 2018
Can You Elobrate Both of You TDS deducted u/s 194J then How? Pls
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On 20 August 2018 at 22:25
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51 Points Posted on 20 August 2018
Sir I can't understand your question
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On 20 August 2018 at 22:42
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"Do the Right Thing...!!!"
128152 Points Posted on 20 August 2018
Nothing., You can file as per my Above Reply...

GOOD LUCK...
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On 20 August 2018 at 22:45
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609 Points Posted on 20 August 2018
yes you must show both incomes in ITR 4 and fill mandatory columns in Balance sheet and once you file ITR 4 for current year then next 4 years you should follow Presumptive taxation other wise liable to get books of account audited u/s44AB and maintain books of accounts u/s 44AA..
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On 20 August 2018 at 22:46
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867 Points Posted on 21 August 2018
Agreed with Jesus loves u
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On 21 August 2018 at 00:21


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