Is FD interest to be included in income for 44ADA

FD interest income and mutual fund is not to be included for 44ADA. 50% of 15L which is 7.5 L is taxable as business income.

ok, thanks for clarifying 

Hi all...

Sorry for attending this query after giving thanks by Querist...

@ Mr Rahul.,

As per Your query Your Professional income Rs 15l. So, You can show the income u/s 44ADA @ 50% profit as PGPB
&
Shiw the FD* interest & MF* redeemed under IFOS...

Note : more details about FD & MF is better to short out the issues...

ok, thanks Mr. Raja , but i am not aware of terms like PGPB and IFOS so cannot understand the reply properly.

Also please let me know what all details are required for FD and MF ?

PGPB - Profit and Gains from Business and profession (We will shown all Business and Professional incomes in this head)

IFOS - Income From Other Sources (some of the income showing in this head like interests)