05 July 2021
sir, A persons source of professional income detailes mentioned below 1. own practice professional income rs:10 lacs 2. sec 194j fees for professional income rs:5 lacs. Query: Assess sec 44 ada scheme it return filed eligible in it act.
05 July 2021
If such profession is a specified profession, then 44ADA would apply. Refer the link to know the professions covered u/s 44ADA: https://cleartax.in/s/section-44ada