Section 44AD/ADA

Aamir Ansari (Student) (101 Points)

26 April 2018

In case of salaried employee, opting to decalre income under presumptive taxation, in which section he is eligible to declare income ?

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6 Replies

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 26 April 2018

Please elaborate your query once again...

Your income is from Salary or Salary and Business...?

Aamir Ansari (Student) (101 Points)
Replied 26 April 2018

salaryonly

manoj (student) (5205 Points)
Replied 26 April 2018

salary in not business so no 44AD/ADA

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RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 26 April 2018

If Your income earned from Salary then it's not covered under Business head...
So, sec 44AD or 44ADA is not applicable.

CA CS NITIN MAHAJAN (CA ) (273 Points)
Replied 27 April 2018

Section 44AD is available only on business income and 44ADA for professional income

Aamir Ansari (Student) (101 Points)
Replied 27 April 2018

right, he is neither doing business nor giving services in his professional capacity, he will pay tax as per slab rates

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