jewlikar m. (accountant) (35 Points)
25 April 2017who can avail the benefits of above section, while submitting the ITR. My self working as consultancy in accounts and taking the lumsum amount as profession charges with deduction of 10%TDS at source. pl guide me, my self avail the benefit of 44ada while submitting the ITR. yearly receipt of Rs.800000/-
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160993 Points)
Replied 25 April 2017
Eligible Professions for section 44ADA:- Professions referred in Section 44AA of the Act viz. Medical/ Legal/ Engineering /Architect /Accountancy/Technical Consultancy/ Interior Decoration/ Film Artist/CA/CS./CMA
Whose Total Income does not exceed Rs 50 Lakhs in Previous Year
So, you can avail the benefit of section 44ADA!!
jewlikar m.
(accountant)
(35 Points)
Replied 17 May 2017
Dear Sir,
Thanks. which ITR form applicable to professions covered under section 44ada. Is there any audit
applicable to those who are filling return u/s 44ada.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160993 Points)
Replied 17 May 2017
1. ITR 4 for only income u/s. 44AD/A & IFOS; otherwise ITR 3
2. If assessed income declared less than 50% u/s. 44ADA, tax audit applicable; otherwise not.
jewlikar m.
(accountant)
(35 Points)
Replied 09 October 2017
RAJA P M
("Do the Right Thing...!!!")
(127467 Points)
Replied 09 October 2017
RAJA P M
("Do the Right Thing...!!!")
(127467 Points)
Replied 09 October 2017
jewlikar m.
(accountant)
(35 Points)
Replied 09 October 2017
CAclubindia
