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Teaching profession - Is it cover under presumptive taxation

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Kishore Nuthalapati

Accountant for multiple small entities

154 Points Posted on 26 March 2023

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.

CA Rakesh Ishi

Working at Private Company

7751 Points Posted on 26 March 2023

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.