Section 44ada

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 December 2017 Dear all
my client was dance master, so he is professional,

CBDT U/s 44ADA notifies some (seven) Professionals,

as per above section they have to file IT Returns either 50% offering on Gross Receipts or Tax audit

dance master (not cinema field) not covered above section

he is not maintaining books of account

so now i want to file this case in ITR 4 in P&L at Serial No.53 (with out books of accounts)

Is it correct or it to be audited

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
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07 December 2017 Section 44ADA not applicable as he is not a notified professional. But return can be filed u/s 44AD showing 8% as net profit out of total receipts.

Expert : Anonymous

Expert : Anonymous (Expert)

07 December 2017 As per my view., The dance master is a teacher of the dance. He ll follow normal provision of filing...

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