coaching service
Vinay Gupta (271 Points)
16 January 2018
income from coaching server lies under which section
9 Replies
NEHA MAURYA
(Student CA Final )
(34 Points)
Replied 16 January 2018
It's is a business income and ut will fall under PGBP head.
If gross income doesn't exceed 2 crores than you can declare income u/s 44AD
If gross income doesn't exceed 2 crores than you can declare income u/s 44AD
Vinay Gupta
(271 Points)
Replied 16 January 2018
is maintaing books of account is mandatory in this case
NEHA MAURYA
(Student CA Final )
(34 Points)
Replied 16 January 2018
If you declare income u/s 44AD then you are not required to maintain books of accounts
Vinay Gupta
(271 Points)
Replied 16 January 2018
but I think coaching service is not covered in 44ad
Vinay Gupta
(271 Points)
Replied 16 January 2018
but I think coaching service is not covered in 44ad
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 16 January 2018
| Originally posted by : Vinay Gupta | ||
 |
but I think coaching service is not covered in 44ad |  |
You will explain yourself for your coaching and your qualifications...
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NEHA MAURYA
(Student CA Final )
(34 Points)
Replied 17 January 2018
section 44AD only excludes those professions which are covered u/s 44AA.
If coaching is not your main activity then you can show the same in other income.
If coaching is not your main activity then you can show the same in other income.
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