Income from Salon business to be considered under 44 AD Or 44 ADA?
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Quick Summary
Salon income can be treated under 44AD if considered business, with 6 percent or 8 percent profit. If treated as professional service, 44ADA may apply with 50 percent income. Classification depends on nature of activity.
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.