Income tax sec 44ADA
This query is : Resolved
19 May 2017
How to file return for professionals s now sec 44ADA is also there?
19 May 2017
ITR- Sugam 4 may be filed for professionals opting for section 44ADA by declaring 50% of gross receipts from profession.
19 May 2017
ITR- Sugam 4 may be filed for professionals opting for section 44ADA by declaring 50% of gross receipts from profession.
19 May 2017
So if sec 44ADA is not adopted then tax audit is compulsory... Is this right??
19 May 2017
Tax audit would be compulsory if gross receipts from profession exceeds Rs 50 Lakhs since up to Rs 50 Lakhs return can be filed u/s 44ADA.
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