Computation of presumptive income from professions u/s 44ada
This query is : Resolved
20 July 2019
Dear Expert,
While computing presumptive income from professions u/s 44ADA, does ‘Gross Receipts’ means 'the receipts inclusive of TDS'?
While computing presumptive income from professions u/s 44ADA, does ‘The amount claimed to have been earned’ means either 'the amount actually earned exclusive of TDS' or 'the amount actually earned inclusive of TDS'?
Please guide me.
While computing presumptive income from professions u/s 44ADA, does ‘Gross Receipts’ means 'the receipts inclusive of TDS'?
While computing presumptive income from professions u/s 44ADA, does ‘The amount claimed to have been earned’ means either 'the amount actually earned exclusive of TDS' or 'the amount actually earned inclusive of TDS'?
Please guide me.
20 July 2019
Yes. inclusive of TDS.
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