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Salary and fees for Prof. services both received from emlpoyer.

ajit agrawal (student) (82 Points)

12 September 2021  
Gross salary- 565000, 194jb fees recd- 77500. can i take 44ada as 50% of 77500 for fees recd from my employer.

 5 Replies

veerendar singh (tax consultant) (2818 Points)
Replied 12 September 2021

44ada is for notified professionals only
do check your eligibility.

otherwise your plan is good.

Heet Shah (Tax Consultant) (4378 Points)
Replied 12 September 2021

Yes u may apply for 44ADA while computing tax for ur salary as per regular methods. 

Heet Shah (Tax Consultant) (4378 Points)
Replied 12 September 2021

Ur total income in that case would only be upto 603750 . So you can end up 0 tax if u had a properly planned ur saving for tax purpose.  ... Otherwise u will end up paying good sum as interest. 

ajit agrawal (student) (82 Points)
Replied 12 September 2021

I was asking about applicability of 44ADA on amount received from employer on which tds has been deducted u/s- 194JB

Heet Shah (Tax Consultant) (4378 Points)
Replied 12 September 2021

Originally posted by : ajit agrawal
I was asking about applicability of 44ADA on amount received from employer on which tds has been deducted u/s- 194JB

Employee would have deducted tax @ 7.5 or 10% u/s 194JB.

 

Deductor can only consider ur other income for the purpose of salary computation

You can claim refund of the samewhile filing itr


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