I worked as a contractor through an agency that took a cut of 40% from my income. I'm filing for presumptive tax under 44ADA. Should the reported income be after the 40% cut or before it?
1 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177846 Points)
Replied 24 July 2022
Sec. 44ADA of the act states 'actual consideration' without any expenditures, deductions or cut...
So, if the commission is being paid after receipt of contracted amount, it will not get deducted.
But if agency pays you after deducting cut, then your receipts are net off cut!!
Recent Topics
- Nznxnc call me at the end of the day of the
- Cp chod doob zoom vo book book
- Nsje snswk fjw ed le ene djff ne enje ejdd rejje
- Hxjcif the day I have been in touch with me and
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
- How to reverse wrong transaction payment in phonep
- Paytm wrong transaction
Related Threads
CAclubindia
