Question ID :
44356
RECEIPTS OF COSMETOLOGIST - BUSINESS RECEIPTS OR PROFESSIONAL RECEIPTS
WHETHER RECEIPTS FROM COSMETOLOGY/SKIN CARE/ HAIR TREATMENT IN CASE OF A PERSON QUALIFIED B. H.M.S AND DIPLOMA HOLDER IN COSMETOLOGY & SKIN AESTHETICS WILL BE CONSIDERED AS PROFESSIONAL RECEIPTS OR BUSINESS RECEIPTS & COMPUTATION OF INCOME WOULD BE UNDER SECTION 44AD OR 44ADA ?
Posted by
CA. SHAH KAJAL ARVIND
on
Aug 29, 2022
Filed Under
Profits & Gains of Business & Profession
Professional receipts under 44ADA
Posted by
SURAJ KUMAR CHOUDHARY on
Aug 30, 2022
Answer ID :
83677
Only & Only the professional receipt. If the total receipt is up to INR 50L then 44ADA can be availed.
Posted by
CA. JHA SHANKAR KUMAR on
Sep 01, 2022
Answer ID :
83805
It is professional receipt and income should be computed under section 44ADA.
Posted by
CA. chunauti dholakia on
Sep 05, 2022
Answer ID :
85048
It is specified Professional that is Medical Professional.Therefore, he can opt for Sec-44ADA only
Posted by
CA. MADHAVAN S on
Jun 02, 2023