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Astrology service under 44AD

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olindaprotect (malaiaca) (22 Points)
Replied 01 November 2022

Yes, a person providing astrology services can declare their income under 44AD or 44ADA. The main difference between the two is that 44AD is for self-employed people, while 44ADA is for those who provide services through a company like mine, 711 angel number. 44AD allows for a deduction of up to 100% of the total income, while 44ADA allows for a deduction of up to 50% of the total income. Therefore, if you are self-employed, you will likely get a higher deduction by declaring your income under 44AD. However, it is important to note that both 44AD and 44ADA have certain eligibility criteria that must be met to qualify for the deduction. For example, 44AD is only available for those with an annual turnover of less than Rs. 1 crore. At the same time, 44ADA is only available for those with an annual turnover of less than Rs. 50 lakhs.




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