44ADA applicability

[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.

AI Summary

Engineer Can Declare 50% Income Under Section 44ADA for Professional Earnings with Minimal Expenses, No Books Required An individual inquired about the applicability of Section 44ADA for an engineer who earned professional income under Section 194J from a single client, with negligible expenses, and wishes to declare only 50% of the income. A respondent clarified that Section 44ADA allows this, as it mandates no need to maintain books if income declared is above 50% of the turnover. The inquirer thanked the respondent for the clarification.