| Question And Answer | |
|---|---|
| Subject: | 44 ad taxpayer |
| Category: | Income-Tax |
| Querist: | kollipara sundaraiah |
| Answered by: | Law Intern |
| Tags: | Presumptive taxation, Section 44AD |
| Date: | April 24, 2025 |
sir, I PROPRIETORSHIP BUSINESS. I WANT TO KNOW ABOUT IN PRESUMPTIVE sec 44ad TAX CAN SHOW SALARY TO WIFE OR SON OR DAUGHTER.
If you are opting for Section 44AD, all business expenses (including salaries, rent, interest, etc.) are deemed to be accounted for in the presumptive income rate (8% or 6%). No separate deductions are permissible, regardless of whether payments are made to relatives or third parties.
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