banner_ad

Sec 44A of IT Act

Tax queries 151 views 1 replies

My son is a Software engineer .  He does consulting by himself.   Since as per IT act,  he is required to file tax returns, can he claim Presumptive taxation scheme under Sec 44 AD?  How does it apply ? How will his income be computed? (assuming his income is around 12 lakhs)

Replies (1)
Yep he can claim 44D.
show minimum income 8% of turnover in case of cash receipts. for non cash receipts 6%.
since upto 500000 , there is no tax better to show income below 500000 or near by 450000.

contact- jaykishanc @ gmail.com
for ITR filing.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details