Section 44ada of the it act

This query is : Resolved

Abhishek Roy Choudhury (Querist)
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23 April 2017 Dear Sir,
Section 44 ADA which has been inserted from A.Y. 2017-18. In this section if a Doctor whose income from Profession and salary is Rs. 25.00 Lacs and net profit is 50% after deduction of expenses say travelling, tea and tiffin, depreciation on motor car etc. So can he avail the benefit of Sec 44 ADA and file ITR 4 (Sugam) for A.Y. 2017-18 and whether he is not required to maintain books of accounts.

Thanks,
Abhishek.

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
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24 April 2017 Yes a doctor can show his income u/s 44ADA if his total gross receipts from profession does not exceed Rs 50 Lakhs and minimum net profit shown is 50%.

Prakash Kochar

Prakash Kochar (Expert)
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24 April 2017 Whether salary income earned will be covered in gross receipt for income computation u/s. 44ADA ?

Abhishek Roy Choudhury

Abhishek Roy Choudhury (Querist)
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25 April 2017 Dear Sir,
The Assesse's salary income has not been taken into account while computing income and expenditure. His Professional income is Rs. 25.00 Lacs and net profit after deducting all expenses is more than 50%. So please tell whether he is eligible under section 44 ADA and can he file ITR 4 (Sugam) for A.Y. 2017-18.

Thanks,
Abhishek.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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23 October 2021 No. Salary income will not get clubbed into professional income. It can be declared under salary income head separately, under ITR 4(Sugam) ....... recently changed to ITR4.

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