Tax exemption
This query is : Resolved
18 July 2019
Sir
I appoint as Consultant on Contract basis after retirement in Delhi Transport Corporation(Govt. of NCT of Delhi) on monthly basis for a period of One year. My yearly income for the year 2018-19 is Rs.300000/-. My employer deducted TDS @ 10% i.e 30000/- in under section 194J. Please advise me I eligible for rebate/exemption income in under section 44ADA as professional. Please also clarify how much amount shown in Income Tax Return.
Thanks
Dharam Pal
Consultant A.I. in DTC
I appoint as Consultant on Contract basis after retirement in Delhi Transport Corporation(Govt. of NCT of Delhi) on monthly basis for a period of One year. My yearly income for the year 2018-19 is Rs.300000/-. My employer deducted TDS @ 10% i.e 30000/- in under section 194J. Please advise me I eligible for rebate/exemption income in under section 44ADA as professional. Please also clarify how much amount shown in Income Tax Return.
Thanks
Dharam Pal
Consultant A.I. in DTC
18 July 2019
If your employer is declaring you as a professional Consultant, you can go for 44ADA.
Persons engaged in any of the following professions can claim 44ADA:
Legal
Medical
Engineering
Architecture
Accountancy
Technical consultancy
Interior decoration
Other notified professionals
Authorized representatives
Film Artists
Certain sports related persons
Company Secretaries and
Information technology
Persons engaged in any of the following professions can claim 44ADA:
Legal
Medical
Engineering
Architecture
Accountancy
Technical consultancy
Interior decoration
Other notified professionals
Authorized representatives
Film Artists
Certain sports related persons
Company Secretaries and
Information technology
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