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44AD please reply very urgent

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Accountant
148 Points Posted on 30 April 2019
1)i have photography business. Total receipt Rs. 600000 for 2018-19, can i opt 44ad if i show income 400000.
2) i also paid rent 7000 pm and have no own house. can i claim deduction 80GG.
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On 30 April 2019 at 10:33 Report
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Member of ICAI CS Executive
192 Points Posted on 30 April 2019
1. Section 44 AD applicability is based on Turnover. If Turnover less than Rs 2 Crores in a financial year, you can opt presumptive taxation under section 44AD.
2. if you are not getting HRA benefit, you can claim max Rs 5000 pm as deduction under section 80GG.

I hope this is helpful for you.
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On 30 April 2019 at 11:12
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Accountant
148 Points Posted on 30 April 2019
i am professional photographer, should i opt 44ad or 44ada
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On 30 April 2019 at 11:15
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Member of ICAI CS Executive
192 Points Posted on 30 April 2019
Photographer is not expressly covered under section 44ADA. As per my opinion, to be covered under section section 44AD.
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On 30 April 2019 at 11:24


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