Forum Income-Tax 44ADA is applicable to which …

44ADA is applicable to which professions?
Anon
watch_later 07/07/18

Section 44ADA allows income tax to be paid on 50% of amount received as income.

Which professionals are eligible to file Income Tax return under section 44ADA?

1 Response | Latest response: 07/07/18 | Sort by Likes(thumb_up) Recent | Income-Tax Reply
GST Payer
watch_later 07/07/18
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Persons who into following professions can opt for section 44ADA and claim 50% of receipts as profit and pay tax accordingly. They need not to maintain books of accounts.

  • Legal
  • Medical
  • Engineering
  • Architecture
  • Accountancy
  • Technical consultancy
  • Interior decoration
  • Other notified professionals
    • Authorized representatives
    • Film Artists
    • Certain sports related persons
    • Company Secretaries and
    • Information technology
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