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Tax computation for professional/independent consultant
Can anyone share tax computation worksheet to calculate taxes for professionals/independent consultants. Planning to use section 44ADA.
Replies (3)
Vague question
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
No changes in 44ADA section in this budget 2020
I WANT COMPUTATION OF INCOME FOR F.Y 2019-20 FOR PROFESSIONALS
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