Section 44ada of the it act

This query is : Resolved

Abhishek Roy Choudhury (Querist)
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23 April 2017 Dear Sir,
Section 44 ADA which has been inserted from A.Y. 2017-18. In this section if a Doctor whose income from Profession and salary is Rs. 25.00 Lacs and net profit is 50% after deduction of expenses say travelling, tea and tiffin, depreciation on motor car etc. So can he avail the benefit of Sec 44 ADA and file ITR 4 (Sugam) for A.Y. 2017-18 and whether he is not required to maintain books of accounts.

Thanks,
Abhishek.

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
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24 April 2017 Yes a doctor can show his income u/s 44ADA if his total receipts from profession does not exceed Rs 50 Lacs and minimum net profit shown is 50%.

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