Section 44AD - Coaching Income , Income Tax

[PANKAJ GROVER]

Dear Sir

An Assessee is earning coaching income 8 lacs p.a. and does not maintain books of accounts, can he decalare income @ 8% on Rs 8 Lacs under Section 44AD for FY 2010-11. He has income from other sources Rs 1,50,000.

Regards

RAPG & Co.

Posts / Replies

[Ankur Bansal]

No. Because Section 44 AD covers only business and coaching income covers under profession. So cannot be included in Section 44 AD.

 

Regards

Ankur Bansal

NAV & CO.

Chandigarh

+919988251003