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Artist work covered under sec 44Ada

Ataur Rehman (146 Points)

28 July 2023

can I declare income Receipts from artist work under sec 44ADA. pls tell me which sac code I choose to file.

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9 Replies

prasad Nilugal ( GST Practitioner & Accounts ) (14546 Points)
Replied 28 July 2023

1) What type of Artist?.

2) you mean to say Business Code , because SAC codes are applicable in GST , and business codes are applicable in income tax.

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Nikita Agarwal (Semi Qualified CA) (3208 Points)
Replied 28 July 2023

Yes, income receipts from artist work can be declared under section 44ADA for presumptive taxation

prasad Nilugal ( GST Practitioner & Accounts ) (14546 Points)
Replied 28 July 2023

As per my understanding , section 44 ADA of the income tax Act ,is not applicable to all the Artists , please correct me if I am wrong.

Nikita Agarwal (Semi Qualified CA) (3208 Points)
Replied 28 July 2023

Applicable to
movie artists includes a producer, editor, actor, director, music director, art director, dance director, cameraman, singer, lyricist, story writer, screenplay or dialogue writer and costume designers

prasad Nilugal ( GST Practitioner & Accounts ) (14546 Points)
Replied 28 July 2023

Yes , madam I agree and konw , but exact Clerifecation is required from qeriest because he may be other Artist apart from the listed artist in your reply.

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Nikita Agarwal (Semi Qualified CA) (3208 Points)
Replied 28 July 2023

Got your point.... you r right

RAJA P M ("Do the Right Thing...!!!") (127921 Points)
Replied 28 July 2023

@ Ataur Rehman,

As per my understanding You are asked Artist like Drawing Works.

If Yes, then You can declare Your income u/s 44Ad...

prasad Nilugal ( GST Practitioner & Accounts ) (14546 Points)
Replied 29 July 2023

We have to take Care, so that Income tax return should not be invalid or defective. that's why I had asked queiest exact clerifecation .

RAJA P M ("Do the Right Thing...!!!") (127921 Points)
Replied 29 July 2023

@ Mr Prasad Nilugal,

Yes, You are Correct.

As I reply presumptive taxation can be avail the artist who is doing Drawing and related.

Bcoz, above repply from Ms* Nikita Agarwal exactly identified artist u/s 44Ada...