44ADA applicability

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....4ADA applicability<br> Query (Issue) Started By: - JIGAR SHAH Dated:- 3-4-2019 Last Reply Date:- 11-5-2019 Income Tax<br>Got 2 Replies<br>Income Tax<br>If an assessee, being an engineer, has earned pr....

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....ofessional 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 ....

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....to take the benefit of Section 44ADA? If yes, please explain. Reply By RAHUL GAIKWAD: The Reply: WHAT EXPLANATION DO U WANT.? BECAUSE SEC 44ADA CLEARLY TELLS US THAT NO NEED TO MAINTAIN BOOKS JUST Y....

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....OU WANT DO DECLARE INCOME ABOVE 50% OF TURNOVER. Reply By JIGAR SHAH: The Reply: Dear Mr Rahul, Thank you for the response towards the query.<br> Discussion Forum - Knowledge Sharing ....