Income tax under 44AD

393 views 5 replies

I am an online educator and my company has provided my earnings by deducting TDS under 194JB. 
So should I file ITR under 115BAC (New Tax Regime)?

Also under the head of Income u/s 44AD, what percentage should I consider for showing as income. Should we consider 50% or 30% or is there any standard recommendation to be followed. 

pls guide. 

Replies (5)
1. Yes, you can file ITR 4 u/s. 44ADA IT act, with minimum 50 % profit.
Thank you for your prompt help sir. I have also read that 8% & 6% can also be shown under cash and bank generated income respectively. Am I eligible to do in that way also..?
As your TDs deduction is u/s. 194JB, you cannot opt for sec. 44AD where 6/8% profit margins are allowed.
Thank you sir for your advise. My auditor suggested me to consider 30% as income, in place of 50% as you mentioned above, as my overall taxable income was slightly crossing the tax slab. Would it be fine to consider 30% this way?
I would not agree to it as the TDS section 194Jb will not allow it, The return will be defective.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
29 June 2026
ACCOUNTANT

SANDEEP AASHISH & CO

Araria

B.Com

View Details
Company
24 June 2026
Senior Account (VA Client Operations)

Karbon Business

Bengaluru

CA Inter

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details