Answers On Topic: Section 44AD
sir, Hospital run by non medico person will treat this as business income or professional income? I would like to claim 44AD but there is no option in ITR FORM wrt medical services under 44AD . Why we compelled to choose 44ADA in ITR FORM when owner is non medico person
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Mr A has not withdrawn any rupee from bank after receiving Rs 50 lacs in bank . What is his income u/s 44ADA ? Mr B has not withdrawn any rupee from bank after receiving Rs 2.9 cr in bank . What is his income u/s 44AD ?
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Individual is engaged in Management consultancy and has opted for 44AD. Can a individual opt for 44AD rendering business consultancy and if yes or no, give a case law or notification which specifies the same.
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sir, I PROPRIETORSHIP BUSINESS. I WANT TO KNOW ABOUT IN PRESUMPTIVE sec 44ad TAX CAN SHOW SALARY TO WIFE OR SON OR DAUGHTER.
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Assessee is in retail trade with turnover of Rs.200 lakhs. It is 100% cash business and deposits cash from sales into the bank. He offers 8% of turnover as income ( Rs. 16 lakhs) u/s 44AD of the Act. In the bank account there is closing balance of Rs.60 lakhs . The assessee uses the Rs.45 lakhs to purchase a plot of land. The assessee opines that since he has offered 8% as income as required u/s 44AD the IT department cannot question the excess money of Rs.44 lakhs (60 - 16) standing in bank account and free to utilise…
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income tax query