In FY 2020-21, till December 2020 I was getting professional fees and i used to take benefit of 44ADA
However, from February 2021 I switched my company and I am a salaried person now
How will I compute my tax liability now.
Can I still take benefit of 44ADA?
2 Replies
KusHagra AgaRwal
(207 Points)
Replied 15 February 2021
No you cannot claim benefit under section 44ADA as you are not carrying any eligible profession. you will now be covered under normal salary provisions and claim standard deduction along with other deductions under 80c to 80u
Recent Topics
- RCM rent for composition dealers
- ITR filing for non resident in one FY
- 2 buyer form 26qb
- CFS INCLUDING MAURITIUS SDS
- Tds on rent paid to two persons
- GST R-9 Turnover
- ITC wrongly Taken in GST 3B
- Tax liability in the case of Joint Ownership of Pr
- RCM-Director
- Levy of GST on the invoice that crosses Rs.20 lakh
Related Threads
Trending Online Classes
-
6 days Certification Course on GST Practical Return Filing Process
CA Pratibha Goyal16 December 2024
CAclubindia
