In FY 2020-21, till December 2020 I was getting professional fees and i used to take benefit of 44ADA
However, from February 2021 I switched my company and I am a salaried person now
How will I compute my tax liability now.
Can I still take benefit of 44ADA?
Menu
Taxation in case of job change
Replies (2)
No you cannot claim benefit under section 44ADA as you are not carrying any eligible profession. you will now be covered under normal salary provisions and claim standard deduction along with other deductions under 80c to 80u
Okay thanks
Recent Threads
- International Tax clarification UK.
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
- Clarification Required – Section 18 of Wage
- How to split freelance project income with a frien
- 194a for A y 2024-25
- Compensation & Benefits
- SAC code and GST rate transport services for anima
- Section 44AB is Gone — How Different is Tax
Related Threads
CAclubindia
