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Beauty parlour under income tax
what is category of a beauty parlour under the income tax act, 1961 for presumptive income purpose??
Replies (3)
Quick Summary
Income from Professional.
It may be under OTHER PROFESSIONS (Other than prescribed for 44ADA)
So you can go for 44AD presumptive tax for Beauty Parlour income
So you can go for 44AD presumptive tax for Beauty Parlour income
You can File ITR 4 by opting presumptive Taxation scheme.
Presumptive Taxation u/s 44AD is applicable in your case declaring 8% or more profit.
Choose No books of accounts case
business code : 21001 Hair dressing and other beauty treatment
Presumptive Taxation u/s 44AD is applicable in your case declaring 8% or more profit.
Choose No books of accounts case
business code : 21001 Hair dressing and other beauty treatment
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