Ad-Free CAclubindia and Daily Updates on your mobile. Subscribe Now!

44ad

Suresh Pai S (Tax Consultant) (1029 Points)

18 November 2017

An assessee who is a photographer cannot adopt presumptive taxation scheme under 44AD . True or false?

Reply
Follow
Share

9 Replies

Sunil Ahmad (Student) (1511 Points)
Replied 18 November 2017

False.I think it comes under section 44ADA. It comes under professional services

Upgrade to CAclubindia Pro. Subscribe Now!

RAMESH D MODI (Proprietor) (4869 Points)
Replied 18 November 2017

no 44ada is applicable only those profestional who fall under the defibation of section 44aa(1)

Sunil Ahmad (Student) (1511 Points)
Replied 18 November 2017

An assessee, being a resident in India ,who is engaged in any profession referred to in section 44AA(1) such as legal,medical, engineering or architectural profession or the profession of accountancy or interior decoration or any other profession as is notified by the board in the official gazette and whose Gross total receipt s does not exceed 50 lakhs in a previous year.

RAMESH D MODI (Proprietor) (4869 Points)
Replied 18 November 2017

yes. there is nowhere mentioned photopraohy..
so not eligible

RAMESH D MODI (Proprietor) (4869 Points)
Replied 18 November 2017

photography is not notifeid as per section 44AA(1)

Upgrade to CAclubindia Pro. Subscribe Now!

RAJA P M ("Do the Right Thing...!!!") (127984 Points)
Replied 18 November 2017

Yes I agreed to Mr RAMESH D MODI.,

The Photographer can opt to u/s 44AD...

2 Like

RAMESH D MODI (Proprietor) (4869 Points)
Replied 18 November 2017

Mr.Raja please rectify your answer
photographer can not opt..44AD

Sankalp Jain (39 Points)
Replied 19 November 2017

Asseesse Can Adopt 44AD, If his turnover not exceeding Rs 2 crore. 44ADA is for professionals mention under rule 6f( Nine Professions Are Mentioned Their And Not Includes Photography).

Yash Chawda (300 Points)
Replied 20 November 2017

44AD is for business
44ada is for specified business
so photographer does not covered in any of the above so he has to calculate profit as per normal provision of income tax i.e sec 30 to 38