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Artist work covered under sec 44Ada

Ataur Rehman (193 Points)

28 July 2023

can I declare income Receipts from artist work under sec 44ADA. pls tell me which sac code I choose to file.

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9 Replies

prasad Nilugal ( GST Practitioner & Accounts ) (14927 Points)
Replied 28 July 2023

1) What type of Artist?.

2) you mean to say Business Code , because SAC codes are applicable in GST , and business codes are applicable in income tax.

Nikita Agarwal (Semi Qualified CA) (3208 Points)
Replied 28 July 2023

Yes, income receipts from artist work can be declared under section 44ADA for presumptive taxation

prasad Nilugal ( GST Practitioner & Accounts ) (14927 Points)
Replied 28 July 2023

As per my understanding , section 44 ADA of the income tax Act ,is not applicable to all the Artists , please correct me if I am wrong.

Nikita Agarwal (Semi Qualified CA) (3208 Points)
Replied 28 July 2023

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

prasad Nilugal ( GST Practitioner & Accounts ) (14927 Points)
Replied 28 July 2023

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.

Nikita Agarwal (Semi Qualified CA) (3208 Points)
Replied 28 July 2023

Got your point.... you r right

RAJA P M ("Do the Right Thing...!!!") (128111 Points)
Replied 28 July 2023

@ Ataur Rehman,

As per my understanding You are asked Artist like Drawing Works.

If Yes, then You can declare Your income u/s 44Ad...

prasad Nilugal ( GST Practitioner & Accounts ) (14927 Points)
Replied 29 July 2023

We have to take Care, so that Income tax return should not be invalid or defective. that's why I had asked queiest exact clerifecation .

RAJA P M ("Do the Right Thing...!!!") (128111 Points)
Replied 29 July 2023

@ Mr Prasad Nilugal,

Yes, You are Correct.

As I reply presumptive taxation can be avail the artist who is doing Drawing and related.

Bcoz, above repply from Ms* Nikita Agarwal exactly identified artist u/s 44Ada...