Presumptive taxation scheme 44ad & 44ada

Hi,

I am a stock trader in Equities, Futures & option trading with a Proprietary trading desk.. I get professional income from my firm, and my employer files the TDS under 194J. I wanted to know if i can file my income tax under the Presumptive Taxation scheme, if yes than which one is applicable for me, 44AD or 44ADA?

Thanks,

Harsh Patel

Replies (6)
44 ada because you are getting professional income.
sec... 44ADA
44ADA. 50% gross receipts are considered as business income.

But I am a Stock Trader & analyst and the list of professionals mentioned under 44ADA, does not have Stock trader listed in the list. So u think its okay to file 44ADA, i have been filling regular ITR3 so far 3 years.

TDS deducted under 194j that why .
Originally posted by : Harshit
Hi,

I am a stock trader in Equities, Futures & option trading with a Proprietary trading desk.. I get professional income from my firm, and my employer files the TDS under 194J. I wanted to know if i can file my income tax under the Presumptive Taxation scheme, if yes than which one is applicable for me, 44AD or 44ADA?

Thanks,

Harsh Patel

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
18 September 2026
Accounts & Finance Specialist

ULTRA CHEMICAL WORKS

Thane

CA Final

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details