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Profession u/s 44ADA
If a person Working as a Press Reporter in Television, whether he can eligible profession under 44ADA of Income Tax Act?
Replies (3)
Yes but make sure that concern channel is deducting tds under 194J on income of that person.
Sec 44ADA OF THE INCOME TAX ACT 1961 offers a scheme of presumptive taxation of profits and gains arising from profession mentioned under sec 44aa(1) .
benefits to be taken by those professionals whose gross receipts are equal to Rs.50 lakhs in a year.
benefits to be taken by those professionals whose gross receipts are equal to Rs.50 lakhs in a year.
@ Anand Devare Yes sir. they're deducting TDS deduction u/s 194J
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