TaxTMI 
TaxTMI 
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.
Section 44AD - Coaching Income
29 Jun 2011 
1 Reply 
10260 Views Asked by
Presumptive business scheme not available for coaching income, which is professional and excluded from its scope.
Section 44AD's presumptive taxation framework applies only to business income and does not extend to professional income; coaching services are treated as a profession and therefore cannot be declared under the presumptive scheme, requiring computation and record-keeping under rules for professional income. (AI Summary)
Section 44AD's presumptive taxation framework applies only to business income and does not extend to professional income; coaching services are treated as a profession and therefore cannot be declared under the presumptive scheme, requiring computation and record-keeping under rules for professional income. (AI Summary)