Applicability of section 44ada

Yes      

Thank you Mr. Rambhia. But there is a confusion among some Chartered Accountants because the profession Financial Planner is not specifically mentioned in the list by CBDT. 

Yes, because literally accountacy is taken as just profession of chartered accountants. The section 44ADA has specified all the professions as listed in section 44AA(1), and is silent about other vocations or related professionals. The section lately introduced, doesn't have any case laws till date, but in broad meaning it is applicable to professionals. Any profession having work related to mental skill requiring specific qualification in the area, and which is not trading or manufacturing, can be assesed under this section. One more question is: if you are not professional, then are you businessman? Because as per IT act, your income comes under PGBP!!

Thank you . So, I wll calculate and pay tax on 50% of my fee collection.