can a photographer file itr under section 44 ad i.e income tax return on presumptive basis?
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Clarification regarding 44AD
Replies (8)
Yes.... He can*
only restrictions for 44AD are
1. Company
2. LLP
3. Commission Business
4. Agency Business
5. Professions
and i thing photographer shall be cover under professions.
1. Company
2. LLP
3. Commission Business
4. Agency Business
5. Professions
and i thing photographer shall be cover under professions.
no as per my opinion only agency and commission business liable for 44ada for individual case so 44ad is right for photographer also I did the same
Well said Mr Praveen...
And one more small change in Your reply. Commission business not come under the sec 44ADA...
And one more small change in Your reply. Commission business not come under the sec 44ADA...
Photographer can not file income tax return u/s 44ad because photography is profession and 44ada covers photographer hence you can file your return u/s 44AdA
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if you taking photos in your shop and sell it to some is called as business so you should file your return in u/s 44AD or otherwise you are professional photographer it include architecture photograph etc. so you should file your return u/s 44ADA
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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