deduction under 44ADA of IT act

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  1. Shyamalendu Saha

    Shyamalendu Saha New Member

    Dear Sir,

    I am a retired General Manager of a Bank and drawing pension.

    Now I took an assignment in another bank as Internal Ombudsman on contract basis on a monthly honorarium of Rs.60000/-. No other perks/benefits given.

    Whether I will be eligible to threat this honorarium as professional Income and claim 50% exemption under newly introduced Section 44ADA.

    Regards

    Shyamalendu Saha
     
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