PRESUMPTIVE SECTION UNDER WHICH INCOME FROM NON SPECIFIED PROFESSION RETURN CAN BE FILED
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Whether return of non specified profession filed under section 44ad
Replies (10)
Some of the Income is not fit to 44ad...
Sir,
TDS Deducted u/s 194J, can i fill return under presumptive section 44ad.
| 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
Sir,
TDS deducted u/s 194J , can i file return under presumptive section & which section
Sir,
Please tell me meaning of professional income as per Income tax act with some example.
| Originally posted by : Manish Shaw | ||
|
Sir, TDS deducted u/s 194J , can i file return under presumptive section & which section |
|
Yes... U/s 44ADA...
| 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
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.
Thank u
No way for filing u/s 44AD if any of the professionals...
44AD only applicable to eligible Business
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