Presumptive tax u/s 44ada
ashish shah (VP Finance) (29 Points)
04 June 2016ashish shah (VP Finance) (29 Points)
04 June 2016
CA Mohit Khattar
(Practicing Chartered Accountant)
(50 Points)
Replied 04 June 2016
Yes,in my opinion you can offer 50% of your professional receipts under head PGBP u/s 44ADA provided your professional receipt is not in the nature of salary and TDS if any is deducted under sec 194J
ashish shah
(VP Finance)
(29 Points)
Replied 04 June 2016
Thank you Sir for opinion. Yes, I get professional fees net of TDS u/s 194J. My concern was that can I go for sec 44ADA evenif I have other source of income like salary and interest apart from professional income??
CA Mohit Khattar
(Practicing Chartered Accountant)
(50 Points)
Replied 04 June 2016
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