I provide coaching classes at my home and earn approx 5,00,000 PA.Can I avail the benefit of Sec.44ADA .Which ITRForm should I file.
(SANDEEP)
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coaching business which ITR Form file
Replies (5)
You can file ITR 4 (44AD). 44ADA is professionals. If you are under any professional head then you can file ITR 4 (44ADA)
thank you sir. But I am confused that who is professional u/s 44ADA
Some examples of Professional :
CA - Finance
Dr - Health Care
Er - Construction
Advocates - Law and Order
P. hd & Doctorates - Education
CA - Finance
Dr - Health Care
Er - Construction
Advocates - Law and Order
P. hd & Doctorates - Education
OK sir than how to calculate tax on 5,00,000 u/s 44AD .Can I avail deduction u/s 80C 80GG.
If Rs. 500000 you don't have any liabilities. Also you can get deductions chapter VI A....
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