Presumptive Taxation u/s 44ADA Applicability

563 views 6 replies

A person is providing creative services to a Media Company. and is being paid consultancy services as creative head. for the same . Total service income < 75 lakhs in the year. 

Can he get the benefit of Section 44ADA? If not can he go under Section 44AD. 

Thank you 

Replies (6)
You can for AY 2024-2025 or thereafter.

Thanks for the reply . But which section 44ADA or 44AD ?  

 

in 44ADA   Creative services professional is not covered under list of specified professions :  So my query is  :                                                                                                                                   1. Can this person go under 44AD ?                                                                                               2. is there any way to fit him under 44ADA.

Soumya - what is the Profession code you use for filing returns for this person in earlier AYs?

Yes he can get the benefit , but not prior to this assessment year
Hello Nikhil . Actually this person was salaried employee in FY 2023-24 from April 24 onwards he has been shifted to be a consultant. The co, he works is a Media / Ad company . and he is a creative person .

got it. as long as the gross receipts remain below 75 lakhs, you may go for 44ADA in this case. But please ensure that the person complies with GST. He should be liable for GST registration by the end of July (assuming that this revenue is evenly spread).

Some people may argue that he may be eligible for 44AD. If you go with that, please ensure that you are covered under the business codes provided under 44AD.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
ARTICLESHIP 24 June 2026
CA Article Trainee

Rahul Dang & Associates

Pune

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details