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Aadhi

44ADA ( Profession)...
1) Can we take deductions under sec 80c if we declare income under 44 ADA at 50% of gross receipts.

2) is 44 ADA be taken only if income is upto threshold of 2.5lacs ( not exceeding 2.5 lacs ) while declaring 50% of gross receipts i.e max 500000 Rs
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Amlan Dutta
1. These are two different things and should not be connected .... presumptive sections is for presuming income head for profession ( 44ada) / business ( 44ad)whereas deduction sections under 80 refer to savings AVAiLABLE to all individuals whether they have income from profession/business or any ...
  • May 22, 2018
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Mohit

44ADA ( Profession)...
Providing web site development services by individuals fall under which section 44ad or 44 Ada, but as per 26 as TDS deducted us 194 j? Please clear my doubt in choosing section
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Amlan Dutta
Section 194 J stands for TDS on professional services at the rate of 10 % . Clearly therefore, this is income from profession which was anyways also clear when you mentioned the nature of income on which TDS was deducted ! You will therefore use 44 ADA (AY 2018 19 ) which is for professionals and p...
  • April 27, 2018
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