can I declare income Receipts from artist work under sec 44ADA. pls tell me which sac code I choose to file.
Replies (9)
Quick Summary
This discussion clarifies whether income from artistic work can be declared under Section 44ADA of the Income Tax Act for presumptive taxation. While Section 44ADA is generally applicable to specific professions like movie artists, clarification is needed for other types of artists, such as those involved in drawing. For artists not explicitly listed under Section 44ADA, Section 44AD might be a more suitable option for declaring income to avoid invalid returns.
Applicable to movie artists includes a producer, editor, actor, director, music director, art director, dance director, cameraman, singer, lyricist, story writer, screenplay or dialogue writer and costume designers
Yes , madam I agree and konw , but exact Clerifecation is required from qeriest because he may be other Artist apart from the listed artist in your reply.