Boutique Income under Profession

Jai Rathore

Accountant

13 Points Joined August 2019

I think yes, b.coz it is service

Boutique means what kind of business you will do??

if it is a trading in goods then 44AD will be applicable up to max turnover of 2crs.

even though if it is a service concern those services should be specified professional services covered under sec 44AA.
you can't simply apply 44ADA on all services.

Veera Veera

253 Points Joined December 2017

Ok Sir, thanks

veerendar singh

tax consultant

3306 Points Joined October 2018

44ada would not apply to boutique

Susmita Dutta, CA , CPA

CA

2141 Points Joined March 2014

Boutique is sale of ladies garments so it will not fall under the definition of ‘Profession ‘ as per Income tax Act.

CMA Poornima Madhava

CMA

13117 Points Joined May 2009

I think it is a business and 44AD can apply.

Vishal Manakshe

299 Points Joined September 2020

44ADA shall apply for the activities mentioned in sec 44AA. Income from Boutique is not covered in sec 44AA, so it shall be considered as business u/s 44AD.

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Boutique Income under Profession

Veera Veera

Jai Rathore

Sivaramaraju G

Veera Veera

veerendar singh

Susmita Dutta, CA , CPA

CMA Poornima Madhava

Vishal Manakshe

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