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Profession u/s 44ADA

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23 Points Posted on 08 September 2020
If a person Working as a Press Reporter in Television, whether he can eligible profession under 44ADA of Income Tax Act?
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On 08 September 2020 at 22:54 Report
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85 Points Posted on 08 September 2020
Yes but make sure that concern channel is deducting tds under 194J on income of that person.
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On 08 September 2020 at 23:23
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Profession Business
28207 Points Posted on 09 September 2020
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.
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On 09 September 2020 at 08:45
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23 Points Posted on 09 September 2020
@ Anand Devare Yes sir. they're deducting TDS deduction u/s 194J
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On 09 September 2020 at 10:40


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