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Whether return of non specified profession filed under section 44ad

Manish Shaw (Student) (106 Points)

22 June 2018

PRESUMPTIVE SECTION UNDER WHICH INCOME FROM NON SPECIFIED PROFESSION RETURN CAN BE FILED

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RAJA P M ("Do the Right Thing...!!!") (127196 Points)
Replied 22 June 2018

Some of the Income is not fit to 44ad...

Manish Shaw (Student) (106 Points)
Replied 23 June 2018

Sir,

TDS Deducted u/s 194J, can i fill return under presumptive section 44ad.

RAJA P M ("Do the Right Thing...!!!") (127196 Points)
Replied 23 June 2018

Originally posted by : Manish Shaw
	Sir, TDS Deducted u/s 194J, can i fill return under presumptive section 44ad.

Sec 194J is applicable to Professionals. If your income is under professional then You can file presumptive income as per sec 44ADA

Manish Shaw (Student) (106 Points)
Replied 23 June 2018

Sir,

TDS deducted u/s 194J , can i file return under presumptive section & which section

Manish Shaw (Student) (106 Points)
Replied 23 June 2018

Sir,

Please tell me meaning of professional income as per Income tax act with some example.

RAJA P M ("Do the Right Thing...!!!") (127196 Points)
Replied 23 June 2018

Originally posted by : Manish Shaw
	Sir, TDS deducted u/s 194J , can i file return under presumptive section & which section

Yes... U/s 44ADA...

RAJA P M ("Do the Right Thing...!!!") (127196 Points)
Replied 23 June 2018

Originally posted by : Manish Shaw
	Sir, Please tell me meaning of professional income as per Income tax act with some example.

https://www.incometaxindia.gov.in/tutorials/13.%20tax%20on%20presumptive%20basis%20in%20case%20of%20certain%20eligible%20businesses.pdf

https://incometaxindia.gov.in/Communications/Notification/920110000000008653.htm

Sundararajan S (Final Student of ICAI) (1764 Points)
Replied 23 June 2018

44ADA applies only to profession specified u/s 44AA(1). Other professionals can file u/s 44AD itself. Merely deduction u/s 194J would not mean that the deductee is covered u/s 44AA (1). If really the person is not covered u/s 44AA (1) then he can opt 44AD.

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