Query Sec 44ADA
Client a consulting engineer.
We have done the tax audit and uploaded.
However till now return is not filed.
Clients business receipt as per Form 26AS is Rs 54lakh however if we go by cash basis, the receipt are 48 lakhs.
Now can the client upload it's return under section 44ADA considering that tax audit is filed , he is having other income like Interest and Pension and also one full and final from the company where he is now rendering consulting services .
Menu
Query Section 44ADA
Replies (2)
As per 26AS reports, TO exceeds 50 lakhs, so if any return filed u/s. 44ADA... will be treated as defective........ Better to choose regular assessment.
No, tax audit has been done. He cannot file ITR for presumptive income, i.e. not under section 44ADA.
Recent Topics :
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
Related Topics :
CAclubindia
