An assessee who is a photographer cannot adopt presumptive taxation scheme under 44AD . True or false?
9 Replies
Sunil Ahmad
(Student)
(1511 Points)
Replied 18 November 2017
False.I think it comes under section 44ADA.
It comes under professional services
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
so not eligible
RAMESH D MODI
(Proprietor)
(4869 Points)
Replied 18 November 2017
photography is not notifeid as per section 44AA(1)
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 18 November 2017
Yes I agreed to Mr RAMESH D MODI.,
The Photographer can opt to u/s 44AD...
The Photographer can opt to u/s 44AD...
RAMESH D MODI
(Proprietor)
(4869 Points)
Replied 18 November 2017
Mr.Raja please rectify your answer
photographer can not opt..44AD
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
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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