44ADA applicability

Forums Tax Filing 44ADA applicability

44ADA applicability

I am working as consultant and paying service tax. Can I avail 44ADA for income tax filing?

Profile photo of Sanjay Srivastava Asked By: Sanjay 1 replies 0 helpful answers Last Updated: 4 months, 2 weeks ago
  • Profile photo of Sanjay SrivastavaSanjay
    Participant

    I am working as consultant and paying service tax. Can I avail 44ADA for income tax filing?

  • Profile photo of Shweta RabadeShweta Rabade
    Moderator

    As per the newly inserted section 44ADA

    Who is eligible:
    any person carrying on legal, medical, engineering or architectural profession or the profession of accountancy or technical consultancy or interior decoration or any other profession as is notified by the Board.

    Conditions:
    1. Total annual gross receipts do not exceed fifty lakh rupees
    2. He offers minimum 50% of the gross receipt as his taxable income from his profession
    3. No further deduction will be allowable under the provisions of sections 30 to 38.

You must be signed in to reply to this question.