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.
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