Presumptive Tax for professsionals

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This discussion clarifies whether an engineer earning both salary and professional income can benefit from presumptive taxation. The consensus is that the Rs 50 lakh limit for presumptive tax under Section 44AD or 44ADA typically applies only to professional receipts and is exclusive of salary income. Therefore, the engineer can likely avail the benefits of presumptive tax for their professional earnings.

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(Querist)
22 July 2021 hi

my relative is an engineer and he has salary income of 30 lakhs Rs and professional receipts of 30 lakhs also

can he take benefit of presumptive tax of 44ad or the limit of 50 lakhs is applicable on total of salary plus professional income i.e. 60 lakhs Rs here and hence presumptive tax benefit cant be taken
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
22 July 2021 The limit is exclusive of salary. 44ADA can be opted.
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
23 July 2021 Sec 44ADA not applicable on salary income.
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