One of my Client has Shop Rental Income he want to show income U/S 44AD is it good or not?
One of my Client has Shop Rental Income he want to show income U/S 44AD is it good or not?
Rental income is assessed under head Income from HP........... and not from PGBP.......
Section 44AD is applicable for income from PGBP....... !!!!!!!!!!!!
Sir if we treat as it business income as client has no other income except income from other sources i.e. FD Interest
But it's main source is shop rent
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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