SECTION 44ADA OF INCOME TAX

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..... SECTION 44ADA OF INCOME TAX
Query (Issue) Started By: - Arun Aggarwal Dated:- 2-6-2018 Last Reply Date:- 24-7-2018 Income Tax
Got 1 Reply
Income Tax
Dear Sir/Madam, One of my friends hav .....

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..... ing following income during FY 2017-18 a) Pension from Govt of India 200000/- No TDS is deducted b) Ffixed retainership /professional fee received from an organisation ---400000/- TDS deducted under .....

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..... section 194J on monthly basis c) Interest Income from banks of FD ---100000/- TDS deducted under section 194 A FOR THE AY 2018-19 A) CAN he FILE ITR-4 for claiming benefit of section 44 ADA of Inc .....

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..... ome Tax Act in respect of his retainer ship fee. B) He is not having any expenses vouchers or maintaining books of accounts , can he show 50% of gross receipt of retainership fee as persumptive incom .....

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..... e as per provisions of section 44 ADA of income tax act C) Can he show other incomes i.e pension income and interest from bank in same ITR-4 sugam form Please reply to A, B and C above Reply By DR. .....

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..... MARIAPPAN GOVINDARAJAN: The Reply: In my view it is not applicable.
Discussion Forum - Knowledge Sharing .....

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