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44ada for adsense income

Ashwini (SE) (49 Points)

22 February 2018

Hi I am an App developer and have following income in AY - 17-18
Adsense : 235000
fd interest : 79000
saving interst : 3091
I used ITR 4 and and choose 711-Sotware development agencies and showed Adesne income under 44ADA so there 50% is considerd for tax. Is that Correct ??
Did I used correct ITR form ?
Please tell me If i fiied wrong return then what I have to do ?

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6 Replies

prasad Nilugal ( GST Practitioner & Accounts ) (14606 Points)
Replied 22 February 2018

Section 44 ADA ( presumptive income ) of the income tax act 1962 is not applicable for Developers its for professionals like Architectural ,Doctors ,C.A , etc .

You please confirm .

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Ashwini (SE) (49 Points)
Replied 22 February 2018

Thanks for you quick response . I am a IT professional and building Apps independently . I showed My Income from Apps under 44ADA . If it is wrong , then Please tell me what should I do to correct it ?

prasad Nilugal ( GST Practitioner & Accounts ) (14606 Points)
Replied 22 February 2018

I am so sorry that , I could not read word APP (software related ) , I thought its Buidling Devlopers . 44 ADA is applicable for Information & technology .