Profession u/s 44ADA

This discussion clarifies whether a Press Reporter working for a television channel is eligible for presumptive taxation under Section 44ADA of the Income Tax Act. The key condition is that the television channel must be deducting TDS under Section 194J on the reporter's income. Section 44ADA allows eligible professionals with gross receipts up to Rs. 50 lakhs to opt for this presumptive tax scheme.