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Investment Income under Predumptive

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110 Points Posted on 21 July 2022
An Individual has invested 10 lacs in a firm is suppose to receive fixed payments for this particular investment.Can they declare income under presumptive basis us 44AD?
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On 21 July 2022 at 19:58 Report
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SEO Sai Gr. Hosp.
211715 Points Posted on 21 July 2022

No. sec. 44AD of the act, is for eligible business income.

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On 21 July 2022 at 20:17
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110 Points Posted on 21 July 2022
What if we specify the nature of business as investment business?Is that allowed?
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On 21 July 2022 at 20:37
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SEO Sai Gr. Hosp.
211715 Points Posted on 21 July 2022

There is either Business or Investment; nothing like Business investment........

It is not business at all......... one can still consider it as Investment with SWP.

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On 21 July 2022 at 20:48
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110 Points Posted on 21 July 2022
Got it sir.Thank you very much sir for the advice.
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On 21 July 2022 at 21:53
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SEO Sai Gr. Hosp.
211715 Points Posted on 22 July 2022

You are welcome..            

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On 22 July 2022 at 13:01


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