Acceptable to file under 44ada as a company director?

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21 Points Posted on 21 March 2019

Hello Tax Experts,

I would like your assistance in resolving this question I have. I have asked a few CAs and have got mixed responses.

Is it ok for me to continue to file my taxes under 44ADA (Presumptive Taxation for Professionals) considering I have been appointed as a director in a company as of March 2019?

Please let me know your views.

 

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On 21 March 2019 at 14:57 Report
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"Do the Right Thing...!!!"
77792 Points Posted on 21 March 2019
If You receive Salary / Remuneration then it will be file under "Income from Salary" head...
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On 21 March 2019 at 15:45
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22 Points Posted on 21 March 2019

Hi guys, I am from  Business Architecture Practitioner background and I have little knowledge on CBAP exams. I have 10 years of Business experience and I wanted to switch my career path to CBAP . I just wanted to ask that will Business Architecture Practitioner background Cisco Certification help me in getting decent job.

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On 21 March 2019 at 16:03
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CA ARTICLE
69 Points Posted on 21 March 2019
depends on your position in company.. whether u r Normal director or part time or independent director..? If normal than remuneration received shall be taxable under salary head otherwise PGBP head..as professional income
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On 21 March 2019 at 23:31

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