44ada
This query is : Resolved
22 February 2018
Hello
My query is about Section 44ADA(presumptive taxation at 50% for professionals). The section covers the following professionals -legal, medical, engineering, architectural profession,profession of accountancy, technical consultancy, interior decoration.
Does it also cover the profession of a person who functions as faculty member in a coaching classes to run classes and tax deduction has done under section 194 J . How will such a person be taxed?
My query is about Section 44ADA(presumptive taxation at 50% for professionals). The section covers the following professionals -legal, medical, engineering, architectural profession,profession of accountancy, technical consultancy, interior decoration.
Does it also cover the profession of a person who functions as faculty member in a coaching classes to run classes and tax deduction has done under section 194 J . How will such a person be taxed?
22 February 2018
44ADA applicable if he's a professional falling any one of the above and faculty member of coaching his profession.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Transfer of MF
- Two pancard
- Eligibility for filling NEW Form 121 from April 2026
- Lifting and cross charges
- E bike purchase can get input in GST
- SSY for 2 daughters
- Regarding updated Return After Submission of Income Tax Audit Report
- Question of gst and income
- GST APPLICATION
- ITR U - HOW TO REPORT PROPERTY SALE LOSS
- Missing tan number searach procedure in income tax portal
- Capital Gain Amount
- About Exgratia bonus
- PTRC PAYMENT & RETURN FILING (Annually)
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
