Section 44ADA (Presumptive Tax for Professionals) Linkage with Tax Audit u/s 44AB (With Examples)

[@casansaarca]

Please don't forget to Like, Share and Subscribe, That's the minimum you can do to appreciate our efforts and boost our morale. Thanks in advance.

[@cashubhampahuja]

Thank you for the video ,Can you please share the provision where Film artist have been covered under 44AA(1) as told by you in video .Thanks in advance

[@vishwaprakash1164]

If my gross receipts are 50 lacs and total expenses are 10 lacs .Profit is 40 lacs. Can I take the benefit of 44ADA and pay presumptive income tax on 25 lacs(50% of 50 lacs) instead of on 40 lacs?

[@HareshBorhade]

Can we claim home loan interest which is 2L under Section 44ADA? Also if you can specify 80C & 80D Claims are available in 44ADA?

[@bhagyeshpatawa7554]

Sir if I have received professional fees of Rs 3000000/- but i don't incurred single rupees of expenses can I shown under presumptive taxation

[@vivekkhurana4774]

If you are eligible then can do

[@shashikantdwivedi2772]

Sir 44AB ki applicability k liye 1 crore in any previous year likha h act m. To iski interpretation ye kaise nikl kr aa skti h ki hm current Wale previous year, jiski hm tax audit Bana rhe h us pr applicable h.

[@rupaligupta770]

Thanks

[@vivekkhurana4774]

Welcome

[@satutimahajan3927]

Very informative

[@vivekkhurana4774]

Thanks

[@anilkumar-ds6hw]

Good morning sir ,Sir I have one question , example If Turnover 1crore 13 lakh ,we used to file itr in 44ad . Sir could you please suggest me is tax audit applicable on me and . Next year can we opt 44 d again if we dont adopt 44 ad next year then tax audit applicable

[@shekharayyakadur5211]

Hello sir for the purpose of tax audit assignment for CA by ICAI 44ab (a) which turnover we should consider 1 cr or 2 cr ? Please reply soon

[@casansaarca]

Watch this video, kzbin.info/www/bejne/bpe6pJprmKhkiMU

[@manmohanmishra6723]

Hi Sir, can you add a video on gst along with presumptive taxation for professionals with more than 20 lakh limit!!!

[@ayushgarg7033]

I think it's revised to 50lakh limit, just check once

[@sagardaliya3619]

Hello sir, What if i am not spending 50% from my account and still opt for presumptive tax or is it necessary to spend 50% and i can keep the amount in my account???

[@vivekkhurana4774]

I think you got reply.

[@ayushgarg7033]

you can, unless your income is within limits

[@MrBaniya]

Sir, I am a professional and want to go for IT U/S 44ADA. My client has just processed my first invoice and deducted 10% TDS. Can i intimate them not to deduct TDS? Is there any provision?

[@ayushgarg7033]

yes, or you can claim TDS later. If they are registered in India, they might be have to abide by TDS norms

[@suyashsave1402]

Can Tax consultant or an accountant who is not Chartered Accountant by profession show his income under section 44ADA ?

[@casansaarca]

Its defined there.

[@suyashsave1402]

@@casansaarca So Can I offer my Income u/s 44ADA or not? If not, can I show under 44AD?

[@ayushgarg7033]

@@suyashsave1402 44 ada apply for you under accountant section I guess