Question ID :
39271
Books of Accounts
If a person is earning commission income & also he has another business in which wishes to opt for 44AD..
First case-by-case Whether he can opt for 44AD for one business if he is having commission income as his secondary income.
Second case- If in place of commission Income, he is having professional income and wishes to opt 44ADA. Whether 44AD can be opt for if 44ADA is chosen.
Thanx in advance.
Posted by
CA Neha Gupta
on
Jul 04, 2019
Filed Under
DIRECT TAXES
case-by-case, he can opt for 44AD and 44ADA for business and profession. 44AD cannot be opt for professinal income and vice versa.
Posted by
CA PRADEEP C B on
Jul 05, 2019
Answer ID :
79011
yes. he can opt for 44AD for business and maintain books for commission business. 2. he can opt for 44ad and44ADA for other business and profession
Posted by
CA. VENKITARAMAN K V on
Jul 10, 2019