44ad

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

Replies (9)
False.I think it comes under section 44ADA. It comes under professional services
no 44ada is applicable only those profestional who fall under the defibation of section 44aa(1)
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.
yes. there is nowhere mentioned photopraohy..
so not eligible
photography is not notifeid as per section 44AA(1)
Yes I agreed to Mr RAMESH D MODI.,

The Photographer can opt to u/s 44AD...
Mr.Raja please rectify your answer
photographer can not opt..44AD
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).
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


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