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Section 44AD/ADA
In case of salaried employee, opting to decalre income under presumptive taxation, in which section he is eligible to declare income ?
Replies (6)
Please elaborate your query once again...
Your income is from Salary or Salary and Business...?
Your income is from Salary or Salary and Business...?
salaryonly
salary in not business so no 44AD/ADA
If Your income earned from Salary then it's not covered under Business head...
So, sec 44AD or 44ADA is not applicable.
So, sec 44AD or 44ADA is not applicable.
Section 44AD is available only on business income and 44ADA for professional income
right, he is neither doing business nor giving services in his professional capacity, he will pay tax as per slab rates
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