Teaching profession - Is it cover under presumptive taxation

Hi Sir/Madam

Could someone please advise

whether teaching profession will be covered under Presumtive taxation

also the limit for FInancial year 2023-24
Thanks in advance
Replies (2)
Quick Summary
This discussion explores whether the teaching profession is covered under presumptive taxation rules in the UK, specifically under Section 44ADA of the Income Tax Act, 1961. Currently, teaching is not listed among the eligible professions for this scheme, which includes fields like law, medicine, and engineering. There are differing viewpoints on this matter, prompting further clarification.

Presumptive taxation scheme for professionals is governed by section 44ADA of the Income Tax Act, 1961, which applies to certain specified professions including legal, medical, engineering, architecture, accountancy, technical consultancy, and interior decoration. As of now, teaching profession is not included in the list of professions eligible for presumptive taxation under section 44ADA.

There are two seperate opinions on the same paragraph.

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