44AD or Can go for 44ADA

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2 Points Posted on 08 December 2020
An non practicing CA filing itr and doing accounting should opt 44AD Other Services or 44ADA?
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On 08 December 2020 at 23:11 Report
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This discussion clarifies whether a non-practising Chartered Accountant (CA) who handles accounting and files their own ITR should opt for Section 44AD or 44ADA. The consensus is that if your income is salary-based, you must file under ITR 1 as salary income. For professional services, Section 44ADA is generally the correct choice, and Section 44AD is not applicable in these scenarios.

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Tax consultant
5895 Points Posted on 08 December 2020
First you get salary basis or proffestional basis???
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On 08 December 2020 at 23:54
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Accountant
3662 Points Posted on 09 December 2020
You need to file under section 44ADA
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On 09 December 2020 at 00:22
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12244 Points Posted on 09 December 2020
You are supposed to file under 44ada but if your nature of income is salary, you have to file ITR 1 showing it as salary income. in any way you can't opt for 44ad
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On 09 December 2020 at 09:19

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