44AD filing
Raghavendra Kamath (177 Points)
07 July 2022
Can a person who is a data processor, code 14003 or a software consultant code 14002 or alike file return under 44Ad?
5 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14916 Points)
Replied 07 July 2022
If you are Software Engineer ( data processing, Consultant falls under Software Engineer) then you Can Opt for section 44ADA of the Income tax act. ( profession) .
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 07 July 2022
44ADA : 50% Exp may be be claimed without books of accounts
CA Rashmi Gandhi
(Chartered Accountant)
(86500 Points)
Replied 07 July 2022
Yes you can, but if you are practising profession as told by Prasad Nilugal, you need to declare income u/s 44ADA
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 10 July 2022
@ Raghavendra,
Go to ITR schedule and select the code under relevant profession to opt under 44ADA
Go to ITR schedule and select the code under relevant profession to opt under 44ADA
CA Rashmi Gandhi
(Chartered Accountant)
(86500 Points)
Replied 10 July 2022
He is not asking for professional code
Recent Topics
- Income Tax E-form 71 u/s 155(20) Rule 134
- ACCOUNTING OF JOINT HOME LOAN & TREATMENT IN I
- Error in Filing online ITR 2 online java utility
- What is the New time limit for sect6148 notice?
- Type of Account Error in ITR2
- LTCG on Foreign RSU Stock sale
- Secure VPN Solution for Freelancers Working with I
- Amount withdrawn from capital gain account scheme
- TDS RETURN REJECTED with Reason Line no 2 –
- Issue in e_filing of IT return
Related Threads
Trending Online Classes
CAclubindia
