Menu
44AD OR 44ADA for Architect
If an Architect is involved in purchase and sale of goods, can he show sales under 44 Ada along with professional fees ?
Replies (6)
Quick Summary
Sale & purchase under the same banner of proprietor ship firm?
Or any different firm for such business activity?
Same proprietorship firm
Though he can declare the sale consideration along with his professional receipts, but it will be expensive event.
Sir, Where do I show profession fees of 2 lakhs in ITR which was not shown in gstr 1 mistakenly last year ?
If you are billing seperately for goods and services, you can show trading of goods under 44AD and architecture fees under section 44ADA.
You have to show the professional Fees of 2 lakhs as income in ITR. In gst you have to show that income in Annual Return and pay the gst via DRC-03
Recent Topics :
- On which amount 200% penalty under section 270A is
- RECEIVED INTIMATION U/S 399 FOR TDS PAYMENT ON PRO
- How do CA firms track SEBI/AMFI circulars and dead
- Jurisdictional validity of Sec 148 notice after fa
- Taxable Income or Not
- GST Input Tax Credit (ITC) on Camera Purchase &
- What makes CA Himanshu Singla different from other
- TAX TREATMENT AND ACCOUNTING ENTRIEOF PERQUISITES
- Gifting money to my father-in-law (my husband's da
- GSTR-1 JSON from marketplace exports (Myntra / Ama
Related Topics :
CAclubindia
