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professional u/s 44ADA
Is a tutor covered u/s 44ADA
Replies (9)
Tutor.................
Doctors, lawyer etc........ can be tutors in their own field......... but are professionals covered under section 44ADA........ But not all tutors......
thank you sir
sir please help me how to calculate tax on 5,00,000 u/s 44AD .can I avail deduction u/s 80C & 80GG.
sir 5,00,000 is my gross receipt.
Rs. 500000*8%=40000
So, Can't any liabilities for the income. After deducting 80C and it's related it's going to 0.00 income. After its deal Nil return.....
So, Can't any liabilities for the income. After deducting 80C and it's related it's going to 0.00 income. After its deal Nil return.....
For ex: Your income is Rs. 50,00,000 * 8% = 4,00,000
Basic Exemption : 250,000 - 400,000 =
Rs. 150,000 - Deduction 80C Rs. 150,000 = After taxable income is 0
Basic Exemption : 250,000 - 400,000 =
Rs. 150,000 - Deduction 80C Rs. 150,000 = After taxable income is 0
thank you Raja Sir
Sir,
What would be the Tax Rate applicable for 44ADA?
Thanks & Regards,
Normal Tax Slab rates applicable for all individuals........
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