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Ram Mahaseth

44ADA ( Profession)...
I had asked a question previously regarding filling of ITR. I receive four quarterly form 16A totalling 4,20,000 given under 194J.
Money is credited in bank account and I study in private hospital for a post graduate course. They pay me for the work I do there as a part of my course requirement.

Now...
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manoj

44ADA ( Profession)...
I am a contract employee previously i mention that my other income are fd,pension, mf can i use itr4 and 44ada section. My total financial year income 247486 rs
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Amlan Dutta
You won'be able to use ITR 4 , but you can use ITR 3 since you have income from capital gains
  • July 22, 2018
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NAWNIT KUMAR

44ADA ( Profession)...
Hey! If I have income from consultancy and salary, and I am filing ITR4, then do I need to fill balance sheet?
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Amlan Dutta
yes, you need to , i have made a tutorial for that , you can refer to it
  • July 22, 2018
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manoj

44ADA ( Profession)...
My salary TDS has bee deducted under section 194j and my other income come through the pension + fd and mutual fund. which ITR form i filed and how to prepare balance sheet....?
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Amlan Dutta
Salary TDS is not deducted using 194 .It is done using 192 ...yours must be professional receipts and so the deductor used 194 J ...if it is salary then ask the deductor to revise accordingly .....pension can be shown under salary and FD under other sources ...mutual funds under capital gains ...yo...
  • July 22, 2018
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Sumita k

How to fill financial particulars of Business/Profession...
Sir i am a contract employee..got 2 lakhs salary this year from the company and 10% of tds claimed there which is given in form 16A...so i am filing itr 4 as 44ADA...if i used 1.5 lakhs money for my personal expenses..should i show only 50,000 in E11(particulars of buniness)?
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Sumita k
Thank u sir...Sir my profession is teaching in technical institute....You have written "whatever the financial particulars status strictly w.r.t to the profession, that alone has to be displayed"... but i dint expense on professional stuffs..viz computers,projectors etc are provided by institute whe...
  • July 21, 2018
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Sumita k
Thanx alot sir for making it very clear..
  • July 21, 2018
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sandeep

How to fill financial particulars of Business/Profession...
Hello Sir,

This is Sandeep & i am working as a professional. my total annual income is 4766617 Rs. i am applying ITR refund under 44ADA. can you please tell me fields should be zero under "Financial Particulars of Business" or need to enter amount. i had taken some loans from bank and some of other ...
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Amlan Dutta
Following the business entity concept , all transactions for other than business/profession need to be kept separate ...your home loan etc loans that are personal in nature need not be reflected in the financial particulars of the business ...check the answer options - video for this answer to see r...
Following the business entity concept , all transactions for other than business/profession need to be kept separate ...your home loan etc loans that are personal in nature need not be reflected in the financial particulars of the business ...check the answer options - video for this answer to see relevant video  for knowing what to fill in the financial particulars of the business/profession...
  • July 21, 2018
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Bibin Thomas

44ADA ( Profession)...
Dear Amlan,
I saw your video -HOW TO FILE RETURN FOR CONTRACT EMPLOYEES| ITR 4| 44ADA| AY 2018 19, on youtube. I have some doubts. In 2017-18 I've got Rs. 519880 as salary From Apr17 to Dec 2017 and paid 17695 as tax. From Jan 18 to March I've got rs 240000 as a consultant(Profession: Motion Graphi...
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Amlan Dutta
salary under salary schedule , what is preventing you .........yes , you can get benefit of HRA by reducing it from the gross income or taxable i.e non exempt allowances ...and yes since you belong to the list of specified /notified professions as listed in 44AA(1) , so you can take benefit of 44ADA...
  • July 17, 2018
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Arinjoy Biswas

44ADA ( Profession)...
Thank You for your reply on consultation fee. One more query, is it compulsory to fill balance sheet (E11-E25) as I dont have the company details. I was given one assignment and was paid once the job was done. I am not aware of the balance sheet of the company.
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Amlan Dutta
You are not filling the company balance sheet , you are required to fill your own balance sheet w.r.t profession ...check on my tutorial for that ...sundry debtors , sundry creditors, stock in trade shall be nil in simple consultancy case and cash in balance shall be savings money in your account.....
  • July 13, 2018
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Akhilesh Solanki

44ADA ( Profession)...
I am filing my Returns for FY2017-18 with ITR3 for Professional income apart from Salary and Capital gains. Since i am technical consultant and filing returns under section 44ADA (receipt is less than 50Lacs), I am not liable to maintain books of Acocunts. (As per my understanding)
Now under this cas...
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S K Bhutani
In itr 3 where do have option to select pressumptive income under 44ADA?
  • July 14, 2018
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Akhilesh Solanki
Schedule BP, Sr. No. 4
  • July 14, 2018
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JK Jain

44ADA ( Profession)...
In what category teaching in painting/sewing comes.Whether it comes in business or profession. She has been filing ITR4 for last more than 10 yrs.When last year in ITR4 it categorised AE, AD and ADA, she filed return ITR4 Sugam under profession category (ADA) taking income more than 50%and professi...
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Amlan Dutta
The income fall from profession only but not listed professions to take benefit of section 44ADA. She will file ITR 3 showing income from profession on normal basis.

She cannot file presumptive return ITR 4 ( ITR 4S earlier ).
Section 44ADA entitles specified professionals to offer income on presu...
  • July 5, 2018
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Amlan Dutta
Also, next time, please be careful to select question category properly to avoid your entry getting deleted from my website
I will also not be answering any further questions which are without proper category selections
  • July 8, 2018
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Ram Mahaseth

44ADA ( Profession)...
Hi Amlan,

Your videos on Tax filling are really amazing.You are really making knowledge free as your channel suggest Happy

I'm asking this for my brother. He is doing Post Graduation in Surgery in a Hospital in Bangalore.
They pay him 35,000 per month under 194J (he does medical consulting & surger...Vie...
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Amlan Dutta
Also, next time, please be careful to select question category properly to avoid your entry getting deleted from my website
I will also not be answering any further questions which are without proper category selections
  • July 8, 2018
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Ram Mahaseth
Thanks I will take care of that next time. Now I'm filling the ITR. But when I review and submit I get errors like : "Please enter Sundry Creditors,Sundry Debtors,Investories,Cash in Hand,Nature of business".
I can put nature of business as "Other health care services" but how do I enter those detail...
Thanks I will take care of that next time. Now I'm filling the ITR. But when I review and submit I get errors like : "Please enter Sundry Creditors,Sundry Debtors,Investories,Cash in Hand,Nature of business".<br />I can put nature of business as "Other health care services" but how do I enter those details related to "Financial Particulars of the business". I cannot move without filling them.<br />Please suggest.<br /><br />Attaching screenshots of my ITR pagesThanks I will take care of that next time. Now I'm filling the ITR. But when I review and submit I get errors like : "Please enter Sundry Creditors,Sundry Debtors,Investories,Cash in Hand,Nature of business".<br />I can put nature of business as "Other health care services" but how do I enter those details related to "Financial Particulars of the business". I cannot move without filling them.<br />Please suggest.<br /><br />Attaching screenshots of my ITR pagesThanks I will take care of that next time. Now I'm filling the ITR. But when I review and submit I get errors like : "Please enter Sundry Creditors,Sundry Debtors,Investories,Cash in Hand,Nature of business".<br />I can put nature of business as "Other health care services" but how do I enter those details related to "Financial Particulars of the business". I cannot move without filling them.<br />Please suggest.<br /><br />Attaching screenshots of my ITR pagesThanks I will take care of that next time. Now I'm filling the ITR. But when I review and submit I get errors like : "Please enter Sundry Creditors,Sundry Debtors,Investories,Cash in Hand,Nature of business".<br />I can put nature of business as "Other health care services" but how do I enter those details related to "Financial Particulars of the business". I cannot move without filling them.<br />Please suggest.<br /><br />Attaching screenshots of my ITR pages
  • July 25, 2018
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