Kids Learning Centre

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253 Points Posted on 03 June 2021
Income under Profession right
Section 44ADA?


Can you explain the procedure please
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On 03 June 2021 at 20:22 Report
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Quick Summary
This discussion clarifies the appropriate income tax section for a kids learning centre. It explains that coaching centres and private education facilities do not fall under the specified professions for Section 44ADA. Instead, they are considered businesses and should opt for Section 44AD for filing their income tax returns.

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2742 Points Posted on 03 June 2021
Please elaborate, what's your query exactly.
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On 03 June 2021 at 20:43
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253 Points Posted on 03 June 2021
Private Education Centres, Income Taxable under which section of income tax
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On 03 June 2021 at 20:44
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2742 Points Posted on 04 June 2021
Coaching center can not opt 44ada, they can file their return in section 44ad.
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On 04 June 2021 at 12:20
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Learner
2398 Points Posted on 04 June 2021
As it is not a specified profession hence you can't go with 44ADA but you can adopt 44AD.
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On 04 June 2021 at 12:50
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CA in practice
105 Points Posted on 06 June 2021
It's not a specified profession as per 44ADA.
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On 06 June 2021 at 03:47
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Chartered Accountant
24588 Points Posted on 06 June 2021
Refer section 44AD
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On 06 June 2021 at 06:10
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tax consultant
3306 Points Posted on 06 June 2021
This is a business. so go for 44ad
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On 06 June 2021 at 12:51

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