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Section 44 ADA

Gangadhar Rao Yaddanapudi (38 Points)

08 April 2019

Is Section 44ADA applicable to Tax Practioner ?

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5 Replies

RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 08 April 2019

Yes... ..

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Gangadhar Rao Yaddanapudi (38 Points)
Replied 08 April 2019

Thank you.

Harshit Baheti (344 Points)
Replied 09 April 2019

Applicable to all specified professionals as per 44aa which iner alia included accounts n person who give these sort of services

Gangadhar Rao Yaddanapudi (38 Points)
Replied 20 April 2022

How to file IT Return for deceased person

debora M (BUSINESS DEVELOPMENT MANAGER) (1697 Points)
Replied 20 April 2022

Section 44ADA offers a scheme of presumptive taxation of profits and gains arising from professions mentioned under Section 44AA(1) of the Income Tax Act, 1961. The benefit of section 44ADA can be taken only by those specified professionals whose annual gross receipts are under Rs 50 lakh.