22 February 2018
Hello My query is about Section 44ADA(presumptive taxation at 50% for professionals). The section covers the following professionals -legal, medical, engineering, architectural profession,profession of accountancy, technical consultancy, interior decoration.
Does it also cover the profession of a person who functions as faculty member in a coaching classes to run classes and tax deduction has done under section 194 J . How will such a person be taxed?
CAclubindia
