An Individual is earning income from tuition. Is it Business Income or Professional Income? Can i opt for Presumptive Income u/s 44AD for calculation of Business/Professional Income?
Secondly, can i file the same u/s 44AD in this year if the last year ITR was filed under normal provision of Business Income?
Thanks in advance.
yes tuition income is the main source of income.
R P S K & Associates
Nashik
CA Inter
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