HELLO FRIENDS, CAN ANYBODY TELL ME PERSONS SUCH AS LABOURER, PLUMBER, TAILOR ETC CAN FILE THEIR RETURNS IN ITR 4S U/S 44AD OR NOT.
WHETHER THEY ARE PROFESSIONALS OR SERVICE PROVIDERS.
SEC 44AD NOT APPLIED TO PROFESSIONS BUT I THINK IT TALKS ABOUT SPECIFIED PROFESSIONS NOT OTHERS.
PLS. HELP ME.
THANKS.
In my view.
Sec 44AD(6) specifies that it would not apply to "a person carrying on professions AS REFERRED TO IN SUBSECTION (1) of SEC 44AA"
And as per Sec.44AA(1), none of the profession mentioned above by you is included, hence it can be presumed that those professions are eligible business for the purpose od Sec. 44AD.
You can wait for other views as well.
PLS. ANY MORE REPLIES.
Above type of assesses can avail 44AD Section
THANKS, IT MEANS SEC 44AD DOES NOT APPLIES TO SPECIFIED PROFESSIONS BUT APPLICAPBLE FOR OTHER PROFESSIONS AND SERVICE PROVIDERS.
CAclubindia
