Mr ABC is Received Technical Fees for Providing Technical Services to Company PQR. The said Company is deducted TDS as per Section 194J @ 2% as a technical services then Mr ABC Can file his Income tax return under section 44ADA. (50% Profit)
or This Sec. 44ADA only available for Professional Fees only. i.e TDS Deducted by 10%
Individual Can File Under Section 44ADA for Technical Fees if Service Qualifies, Regardless of TDS Rate An individual inquired whether they could file an income tax return under Section 44ADA after receiving technical fees for services provided to a company, which deducted TDS at 2% under Section 194J. A respondent clarified that Section 44ADA is applicable to professions listed under Section 44AA(1), including technical consultancy. Therefore, the individual can claim under Section 44ADA if the service qualifies as technical consultancy, regardless of the TDS deduction rate. The deduction of TDS is not the determining factor for the applicability of Section 44ADA. (AI Summary)
Income Tax
TaxTMI 
TaxTMI 
TaxTMI 
