44AD For Service Exporter

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7 Points Posted on 03 October 2020

Can a Service Exporter file Income Tax Returns under 44AD?

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On 03 October 2020 at 11:25 Report
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This discussion clarifies whether service exporters are eligible to file their Income Tax Returns under Section 44AD. It highlights that Section 44AD is generally for businesses with turnover under ₹2 crore, while Section 44ADA is specifically for professionals with income up to ₹50 lakh. The eligibility depends on the nature of services provided and the exporter's business structure.

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student
216 Points Posted on 03 October 2020
44ADA is for professional service provider
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On 03 October 2020 at 12:15
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7 Points Posted on 03 October 2020

OK so i can file under section 44ADA??

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On 03 October 2020 at 12:19
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133 Points Posted on 03 October 2020
Mr.DeepK if you are doing business and your T/o is less than 2cr u can opt for 44AD. If you'r a professional then u can opt for 44ADA t/o limit is 50 lac.
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On 03 October 2020 at 12:41
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Tax and Business Consultant
11616 Points Posted on 04 October 2020
@ Mr. Deepak
Which services is provided /exported by you ?
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On 04 October 2020 at 09:20

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