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Tax computation for professional/independent consultant

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10 Points Posted on 04 February 2020
Can anyone share tax computation worksheet to calculate taxes for professionals/independent consultants. Planning to use section 44ADA.
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On 04 February 2020 at 16:10 Report
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Profession Business
28202 Points Posted on 04 February 2020
Vague question
44 Reply
On 04 February 2020 at 18:01
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17264 Points Posted on 05 February 2020
Under 44ADA only specified professions are allowed as listed out in 44AA . Under 44ADA the minimum 50% of Gross receipts (subject to Maximu Receipts 50 lakhs) or actual net income whichever is higher is presumed as Income under IFBP.

No changes in 44ADA section in this budget 2020
101 Reply
On 05 February 2020 at 01:10
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2 Points Posted on 21 June 2020
I WANT COMPUTATION OF INCOME FOR F.Y 2019-20 FOR PROFESSIONALS
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On 21 June 2020 at 18:35


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