Can a dance teacher opt for 44ADA? Does he come under the definition of "professional" ?
1 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177840 Points)
Replied 06 June 2017
Does not come under Specified professions as per section 44AA, so technically section 44ADA cannot apply. Though clarification is due from the department for applicability of section 44ADA for non-specified professions, I don't see any difficulty to file return under presumptive scheme declaring profit margin 50% or more for all such professionals.
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