44AD or 44ADA

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Jishnu B (Querist)
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21 August 2020 Hi ,

I am an Engineering professional working for an IT company .My job profile is to provide technical support for enterprise application deployment and server management.

I receive my monthly payment as 194J and my income is less than 6 lacs per year. My question is can i file my ITR under 44ADA with business code 16005 engineering and technical consultancy otherwise which business code should I use?

c.bakshi

c.bakshi (Expert)
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22 August 2020 IF YOU ARE GETTING REMUNERATION IN THE FORM OF TECHNICAL SERVICES AND TDS IS ALSO DEDUCTED U/S 194J, THEN RETURN CAN BE FILED U/S 44ADA. BUT YOU HAVE TO SHOW A MINIMUM PROFIT OF 50% OF YOUR GROSS RECEIPTS.

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