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44AD-ITR4 Income tax


Madan Kumar   26 August 2019

Madan Kumar

 9 points

| My Other Post

gym trainer will come under professional or not...
if yes means I show 50% income in ITR 4.
pls clarify this

avater

Naman Joshi (Student)     26 August 2019

Naman Joshi
Student 
 4 likes  56 points

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I think Gym Trainer is not fall under the category of professional hence u dont have to show your income under section 44ADA .
So you can opt Presumptive taxation and declare your income u/s 44AD with profit not less than 8% of turnover.

1 Like
avater

Madan Kumar   26 August 2019

Madan Kumar

 9 points

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but in 26AS 94j they deduct TDS bro...

avater

Naman Joshi (Student)     26 August 2019

Naman Joshi
Student 
 4 likes  56 points

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No Issue 94j sec.is for business & professional head and if you have shown your income u/s 44AD than its also treated as business income.

avater

CA Manish Jathliya (Professional)     26 August 2019

CA Manish Jathliya
Professional 
 29 likes  401 points

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FILE Return u/s section 44AD of Income TAx Act, considered income as income from profession and Claim 50% as Income out of Total receipt.


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