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Section 44AD/ADA

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Student
101 Points Posted on 26 April 2018
In case of salaried employee, opting to decalre income under presumptive taxation, in which section he is eligible to declare income ?
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On 26 April 2018 at 17:16 Report
Replies (6)
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"Do the Right Thing...!!!"
128147 Points Posted on 26 April 2018
Please elaborate your query once again...

Your income is from Salary or Salary and Business...?
463 Reply
On 26 April 2018 at 17:48
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Student
101 Points Posted on 26 April 2018
salaryonly
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On 26 April 2018 at 17:50
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student
5205 Points Posted on 26 April 2018

salary in not business so no 44AD/ADA 

8 Reply
On 26 April 2018 at 18:24
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"Do the Right Thing...!!!"
128147 Points Posted on 26 April 2018
If Your income earned from Salary then it's not covered under Business head...
So, sec 44AD or 44ADA is not applicable.
463 Reply
On 26 April 2018 at 19:53
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CA
273 Points Posted on 27 April 2018
Section 44AD is available only on business income and 44ADA for professional income
1 Reply
On 27 April 2018 at 08:56
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Student
101 Points Posted on 27 April 2018
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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On 27 April 2018 at 10:18


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