PRESUMPTIVE INCOME U/S 44ADA

Share
Share This Thread
  1. vsr murthy

    vsr murthy New Member

    Sir,

    My client is a RMP Doctor in practice. Does his income from practice come under SEC 44 ADA under medical Profession notified by CBDT. How to show his income from practice. Also the incomes of Homeopathy Doctor, private poojari/purohit, tax consultant can be shown under Sec 44 ADA, if not how to show their income?
     
  2. Taxsave.in

    Taxsave.in Member

    Professionals with a technical certificate of their profession as specified u/s 44AA(1) who are eligible to opt for taxation u/s 44ADA are listed as under:


    • 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

    Since your client is covered under medical profession, he can opt for 44ADA for his Income tax provided the gross receipts from his profession doesn't exceed Rs. 50 Lakhs.
     
Draft saved Draft deleted
Loading...
Similar Threads Forum Date
Presumptive Income Income Tax Jul 30, 2017
Section 44AE presumptive income from business of hiring goods carriage Income Tax Jul 5, 2017
Presumptive Income Tax for Partnership firm running PlaySchool Income Tax Nov 13, 2016
presumptive income under section 44ad Income Tax Nov 4, 2016
Presumptive Income Income Tax Oct 8, 2016