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SALON BUSINESS TO BE CONSIDERED UNDER 44AD OF 44ADA BUSINESS INCOME. ?
Income from Salon business to be considered under 44 AD Or 44 ADA?
Replies (5)
Quick Summary
I think yes you can show income 44ADA but wait for other pepple answer
IS IT POSSIB4 TO SHOW AS 44AD WITH MINIMUM 50% MARGIN, BECAUSE HE IS NOT A PROFESSIONAL HAIR DRESSER?
yes you can show income from business 44AD but you have show minimum profit 8% or 6% of our Gross Receipt But not shown 50% profit of Gross receipt
There is no specific qualification specified for each professional service. Service through any profession and the income derived from such profession is only covered under 44ADA.
To conclude, IS Salon Income to be shown as 44AD OR 44ADA ?
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