banner_ad

Applicability of section 44ada for contract based employees

CA Final 957 views 6 replies
Mr A worked in company X as an employee for the month of April in P.y.2019-20. He then left the job and joined company Y fr the month of September till 31/3/20 as a contract based employee wherein tds under section 194J is deducted and no other benefit is recieved by him. His income as contractual employee is less than 50 lakhs.
he also has capital gain income.

1. Can Mr A file itr 4 u/s 44ada
2. How to calculate gross receipts in this case?
Replies (6)
What is his Profession ?
which services given on contract base...
Technical service
Can you elobrate which type of technical services, because all technical services are not eligible for Section 44ADA.

if it's eligible, than you can show that income under 44ADA (Gross receipt means total Income Receipt from that contract).

You have to file form ITR 3 as you have a Capital Gain. (But in that form also you can show your professional income under Presumptive Taxation)
Does managerial service or person working as a business development manager included in technical consultant under section 44ada
Yes, you can file under 44ADA.
Use form ITR 3 as you also have a Capital Gain income.
You will have to choose itr4 as you have capital gain


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details