Section 44AD - Coaching Income

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Section 44AD - Coaching Income
Query (Issue) Started By: - PANKAJ GROVER Dated:- 29-6-2011 Last Reply Date:- 30-6-2011 Income Tax
Got 1 Reply
Income Tax
Dear Sir An Assessee is earning c .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... oaching 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 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... RAPG & Co. Reply By Ankur Bansal: The Reply: No. Because Section 44 AD covers only business and coaching income covers under profession. So cannot be included in Section 44 AD. Regards Ankur Bans .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... al NAV & CO. Chandigarh +919988251003
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X