Regarding 44ad applicability

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  1. guruprasad tm

    guruprasad tm New Member

    Hi Sir Good evening

    I have a small doubt regarding the applicability of 44 ad for fy 2016-17 to the persons who is now working as an employee in hospital as a lab technician now s/he want to come under 44 ad and s/he wants show his/her income as consultant. my doubt is whether the term "professional " includes lab technician? can u guide me i will wait for ur reply...
     
  2. Applicability of section 44AD in the financial year 2016- 17

    If any person have a income from profession than, he\she can disclosed his income under this section if his gross receipts is less than 50 lakh. He must disclosed his income 50% of total receipt.
    Under your case you can disclosed his income under this section if you compile the above conditions
    Lab technician cover under profession
     
  3. Dear Guruprasad,

    I THINK IT CAN'T BE BECAUSE YOU SAID HE IS WORKING AS AN EMPLOYEE MEANS THERE IS A CONTRACT OF SERVICE AND NOT CONTRACT FOR SERVICE.
    SO NO QUESTION ARISES ABOUT PROFESSION.
    NOTE IT IS MY PERSONAL VIEW NOT THE FINAL/CONCLUSIVE .

    THANK YOU.
     
    ASHISH KUMAR JAIN likes this.
  4. Dear guruprasd

    If he work as a contractor in the hospital than he can show his income under 44AD other wise no

    Thank you
     
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