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Artist work covered under sec 44Ada
can I declare income Receipts from artist work under sec 44ADA. pls tell me which sac code I choose to file.
Replies (9)
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.
2) you mean to say Business Code , because SAC codes are applicable in GST , and business codes are applicable in income tax.
Yes, income receipts from artist work can be declared under section 44ADA for presumptive taxation
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.
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
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.
Got your point.... you r right
@ Ataur Rehman,
As per my understanding You are asked Artist like Drawing Works.
If Yes, then You can declare Your income u/s 44Ad...
As per my understanding You are asked Artist like Drawing Works.
If Yes, then You can declare Your income u/s 44Ad...
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 .
@ 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...
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...
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