TMI Blog44ADA INCOME TAX ON PROFESSIONALSX X X X Extracts X X X X X X X X Extracts X X X X ..... IF A PROFESSIONAL BELOW 50 LACS DON'T WANT TO FILE UNDER 44ADA AND TAKE 50% AS TAXABLE INCOME , CAN HE / SHE FILE UNDER NORMAL BUSINESS @SAY 20% NET INCOME OF RECEIPTS (PROFIT APPROX) - ON ACTUALS ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... AS PER INCOME AND EXPENDITURE ACCOUNT WITHOUT GETTING AUDIT UNDER 44AB. - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = In my view no. - 44ADA INCOME TAX ON PROFESSIONALS - Query Started By: - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... puneet virmani Dated:- 21-8-2019 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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