44ADA applicability, Income Tax

[JIGAR SHAH]

If an assessee, being an engineer, has earned professional income u/s 194J from a single party and his total expenses towards earning are almost negligible, wants to take benefit of Section 44ADA i.e. showing only 50% of income. Will he be allowed to take the benefit of Section 44ADA? If yes, please explain.

Posts / Replies

[RAHUL GAIKWAD]

WHAT EXPLANATION DO U WANT.? BECAUSE SEC 44ADA CLEARLY TELLS US THAT NO NEED TO MAINTAIN BOOKS JUST YOU WANT DO DECLARE INCOME ABOVE 50% OF TURNOVER.

[JIGAR SHAH]

Dear Mr Rahul,

Thank you for the response towards the query.