Section 44AD - Coaching Income

[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.

AI Summary

Coaching Income Not Covered Under Section 44AD; Applies Only to Business Income, Not Professional Earnings Like Coaching An individual inquired about declaring coaching income under Section 44AD of the Income Tax Act for the fiscal year 2010-11. The individual earns 8 lakhs annually from coaching and has additional income from other sources amounting to 1.5 lakhs. A respondent clarified that Section 44AD applies only to business income, not professional income like coaching, and therefore, the coaching income cannot be declared under this section.