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.
VIKAS VERMA & CO
New Delhi
Others
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A R JADHAV AND ASSOCIATES
Mumbai
CA Inter
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