gym trainer will come under professional or not...
if yes means I show 50% income in ITR 4.
pls clarify this
Menu
44AD-ITR4 Income tax
Replies (5)
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.
So you can opt Presumptive taxation and declare your income u/s 44AD with profit not less than 8% of turnover.
but in 26AS 94j they deduct TDS bro...
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.
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.
TELL ME ELECTRICIAN BUSSINESS CODE
Recent Topics :
- Query on FCTRS
- APPLICABILITY AND BREAKDOWN OF GST COMPLIANCE ON S
- Advance for supply of goods
- Question for members: how do you manage client doc
- Clarification Required on Invoicing and Receipt of
- SEBI Registered VS NSDL Registered RTA
- Income tax or capital gain tax for Resident Indivi
- PCIT-1 Thane Email address
- CA Fees deduction for non audit case allowed?
- 5th Letter PAN Mismatch with Surname issues still
Related Topics :
CAclubindia
