Whether assessee is declaring income only under section 44AE/44B/44BB/44AD/44ADA/44BBA/44BBB

Whether assessee is declaring income only under section 44AE/44B/44BB/44AD/44ADA/44BBA/44BBB

what should i select , Yes or no ?

Income is from 44AD + shares 

Replies (6)
Quick Summary
This discussion clarifies whether to declare income solely under presumptive tax sections like 44AD when you also have income from other sources such as shares or interest. The consensus is that if your income is derived from 44AD and other sources (like capital gains from shares, house rent, or FD interest), you should select 'No' to the question. Selecting 'Yes' is appropriate only if all your income is declared under one of the specified presumptive tax sections.

If you're opting for presumptive income then yes
as you said Income Under 44AD, you should select yes

If you want to file your tax return just visit idealconsultax.com
Select.."YES" if filing return u/s 44AD ect......

Income is from two source 44AD and share market,  so answer should be NO right?

Income from share goes to Capital Gain (except speculative and F&O) and Business Income can be reported under 44AD

My income is from 

1. 44AD.

2. House Rent

3. FD Interest 

 

Should I check Whether assessee is declaring income only under section 44AE/44B/44BB/44AD/44ADA/44BBA/44BBB??

if assessee having a income from 44ad as well income from other source (i.e interest income) then what should i select yes or no 

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