44ada

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 April 2017 Dear Experts,

My client is a medical practitioner getting fixed monthly remuneration from a Hospital. TDS is being deducted by the hospital u/s 194J. Can he adopt Sec 44ADA for the AY 2017-18? . If yes which ITR to be used. Also advise whether my client required to maintain books of account?

Please advise

10 April 2017 Yes he can opt for 44ada and no need to maintain books of accounts provided the total income does not exceed 50 lacs. File ITR 4(old 4s).

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 April 2017 Thank you very much Seetharaman Sir. One more query, I believe the presumptive income to be not less than 50% of the gross receipt for AY 2017-18. Please reply.

11 April 2017 Yes you are right it should not be less than 50%.

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 April 2017 Thank you very much Sir


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