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Salary income and consulting income


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Querist : Anonymous

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Querist : Anonymous (Querist)
15 May 2018 I have a salary income from my employer. Also I have an consulting income (which is with permission of employer).
I pay GST on consulting income.

While I pay tax at normal rates for my salary income, can I avail benefits of Presumptive Taxation Scheme under Section 44ADA of the Income Tax Act for Consulting Income ?

Please advise. Thank you.

15 May 2018 Yes, if you are a professional as per 44AA(1).

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 May 2018 Thank you Mr.Warrier. I am an Engineer and do Technical Consulting. I read through 44 AA(1) which covers these two professions. Request your view please.


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