can a photographer file itr under section 44 ad i.e income tax return on presumptive basis?
can a photographer file itr under section 44 ad i.e income tax return on presumptive basis?
If your Income is not more than 50 Lac in a financial year. under section 44ADA you can file your return
It all depends on what kind of photography you do.
44AD is just for business.. hence you cant claim your income to be 8% there.
2nd scenario is under 44ADA
Now to claim income u/s 44ADA (50% of total receipt) there must be a profession as mentioned in sec 44AA (which includes any profession related to films)
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