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44ADA applicability, Income Tax

Issue Id: - 114825
Dated: 3-4-2019
By:- JIGAR SHAH
44ADA applicability

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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.

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1 Dated: 3-4-2019
By:- 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.


2 Dated: 11-5-2019
By:- JIGAR SHAH

Dear Mr Rahul,

Thank you for the response towards the query.


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