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section 44ADA

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manohar
65 Points Posted on 16 July 2018
I have business of Naturopathy & yoga . i want exemption under gst under exempt service health care service . i have obtained degree of Council of naturopath & yoga so im eligible in exempt service , so i file imcome tax return under which section 44AD or 44ADA ?
pls suggest me.
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On 16 July 2018 at 21:01 Report
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SEO Sai Gr. Hosp.
211713 Points Posted on 16 July 2018

Sec. 44ADA ......

 

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On 16 July 2018 at 21:13
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manohar
65 Points Posted on 16 July 2018
sir bt my actual profit is not 50% of receipt , & book of accounts are not maintain so what can i do
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On 16 July 2018 at 21:16
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SEO Sai Gr. Hosp.
211713 Points Posted on 16 July 2018

You are professional. You can either declare 50% profit.. tax liability over which will be as per slab......

Or will have to go for audits of books........ hence will have to maintain the account books...

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On 16 July 2018 at 21:40
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manohar
65 Points Posted on 16 July 2018
sir no option to declared profit under 44AD
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On 16 July 2018 at 21:44
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SEO Sai Gr. Hosp.
211713 Points Posted on 16 July 2018

Yes, if you start Naturopathy Hospital .... or Nursing home like unit...... with Indoor & Outdoor patients facility....... than it is business......... can be eligible for sec. 44AD..... but not clinical unit..

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On 16 July 2018 at 21:49
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manohar
65 Points Posted on 16 July 2018
sir i am running center of Naturopathy & yoga in puna . bt i am not not obtained registration under gst . & in ITR form gst turnover is mandatory & my turnover cross limit of 20 lakh so what can i do?
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On 16 July 2018 at 21:54
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SEO Sai Gr. Hosp.
211713 Points Posted on 16 July 2018

Not required now.... It has been rectified in new version of utility.....

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On 16 July 2018 at 22:03
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manohar
65 Points Posted on 16 July 2018
new virsion of utility is available now on site?
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On 16 July 2018 at 22:05
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"Do the Right Thing...!!!"
128152 Points Posted on 16 July 2018
Yes... I agreed to Mr Dhirajlal Rambhia Sir opinion...

And its details...
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On 16 July 2018 at 22:12
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manohar
65 Points Posted on 16 July 2018
sir i can file ITR form 3 ? and also eligible in gst exempt service ?
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On 16 July 2018 at 22:18


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