A person has Rs.30 lakhs income from salary from his company. He also receives Rs.25 lakhs for the professional services he lent. Can he still avail presumptive taxation benefit for the 50% of Rs.25 lakhs ? His income from profession is still 25 lakhs while his gross total income is 55 lakhs now.
Menu
194j income + 192 salary income greater than 50 lakhs
Replies (1)
Yes he can opt, Because section 44ADA talks about professional income........
Recent Topics :
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
Related Topics :
CAclubindia
