Presumptive Income 44ADA

330 views
User Avatar

188 Points Posted on 21 August 2021

Can I claim 40-45 % expenses under 44ADA even though I haven't occurred them.

0 Reply Share Follow
On 21 August 2021 at 12:36 Report
Replies (3)
Quick Summary
This discussion clarifies the rules surrounding presumptive income under Section 44ADA. It confirms that individuals can declare a minimum of 50% of their income as profit, effectively allowing for an expense claim of up to 40-45%, even if actual expenses incurred are lower. This provides flexibility in tax reporting for eligible professionals.

User Avatar

CMA
13117 Points Posted on 21 August 2021

Yes, you may do so. The requirement is to declare a min of 50% of income as profit.

Reply
On 21 August 2021 at 12:46
User Avatar

Chief Accountant
3150 Points Posted on 21 August 2021
Yes, you can....
1 Reply
On 21 August 2021 at 13:29
User Avatar

Chartered Accountant
24588 Points Posted on 21 August 2021
Yes you can
Reply
On 21 August 2021 at 14:14

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Company 3 months old, INC-20A not filed, all 3 of
  2. How do I choose the Best GST Lawyers in New Delhi
  3. Loss on sale of residential flat after indexing al
  4. Short Deduction
  5. Large mismatch between AIS Business Receipts and G
  6. Income tax on Australian Stipendiary Steward on 3
  7. INCOME TAX SECTION 92E
  8. Queries on Tax Invoice and GST
  9. Income Tax Auditor Tenure for Small Companies
  10. Sec 8 company sec 12ab reg

More recent discussions | Post

Related Topics :

Loading