Income Tax on Journalist working as a Consultant

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  1. priya bubna

    priya bubna New Member

    Hi Karan - Can a journalist opt for working in a capacity of a 'Consultant' and filed returns under Section 44ADA under the presumptive taxation scheme? The annual income will be approximately 20 lakh.
  2. rudrabose

    rudrabose Active Member

    No, a person working as a Journalist cannot file Returns under Section 44ADA.

    Only certain specified professionals can file returns under Section 44ADA and the profession of journalism is not covered in this specified list.

    Therefore, a journalist working as a consultant would be require to compute his Income as Revenue - Expenses = Profit and disclose this as income from business/profession
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