LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

44AD-ITR4 Income tax

Madan Kumar (10 Points)

26 August 2019

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

Reply
Follow
Share

5 Replies

Naman Joshi (Student) (69 Points)
Replied 26 August 2019

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

Madan Kumar (10 Points)
Replied 26 August 2019

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

Naman Joshi (Student) (69 Points)
Replied 26 August 2019

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.

CA Manish Jathliya (Professional) (401 Points)
Replied 26 August 2019

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.

Akash Nikhade (2 Points)
Replied 29 November 2021

TELL ME ELECTRICIAN BUSSINESS CODE

Recent Topics

More recent discussions | Post

Related Threads

Popular Discussion

Start a New Discussion

Trending Online Classes

Live class on Bonus & Gratuity(with recording)

Mr.Balamurugan Ranganathan

Enroll Now

25 April 2024
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)

CA Arun Chhajer

Enroll Now

21 April 2024
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"

CA Vishal Zawar

Enroll Now

01 May 2024

view all classess

Subscribe to the latest topics :

Search Forum:

Forum Home

Popular Threads