Originally posted by : sabyasachi mukherjee |
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Sec 44ADA AND SEC 44AD DEALS WITH THE FOLLOWING:1. The assesse is resident and engaged in a profession referred to in Sec 44AA(1)2. GROSS RECEIPTS OF THE ASSESSE DOES NOT EXCEED RS.50 LACS3. ALL DEDUCTIONS FROM SEC 30 TO 38 ARE APPLICABLE4. THE WRITTEN DOWN VALUE IS CALCULATED FROM SEC 30 TO SEC 38 INCLUDING DEPRECIATION SEC 44AD 8% OF THE TURNOVER. |
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The first line of your copy-pasting job does not reconcile with the rest of it. Nor does it remotely address the query!
Now, to answer the actual query, this income from software development will almost certainly be considered as professional income and subject to 44ADA and a 50 lakh gross receipts.
As for the revenue from Google, your situation may be different, but typically this will be incidental to your primary income generating activity.
I have read / heard of people returning part of their income under one section and another part under another section to take the most advantage of tax rates, but it's not something I can comment on with any certainty.