+91 89287 94727


73 Ocean Street, New South Wales 2000, SYDNEY

Contact Person: Callum S Ansell
E: callum.aus@capital.com
P: (02) 8252 5319


22 Guild Street, NW8 2UP,

Contact Person: Matilda O Dunn
E: matilda.uk@capital.com
P: 070 8652 7276


Genslerstraße 9, Berlin Schöneberg 10829, BERLIN

Contact Person: Thorsten S Kohl
E: thorsten.bl@capital.com
P: 030 62 91 92

Section 44ADA for Professionals

Economy, GST

Presumptive taxation for professionals at 50%

Applicable:- Resident assessee (Individual, HUF, Firm other than LLP) engaged in profession referred to in section 44AA(1)

Presumptive taxation under Section 44AD, which was only available to businesses, has now been extended to include professionals effective from FY 2016-17. This is covered under Section 44ADA. Professional with receipts of Rs.50 lakhs or less can opt for this scheme. This also covers freelancers who do technical assignments such as website design or software development.

SPECIFIED PROFESSIONALS referred to in section 44AA(1)

  • Authorized representative,
  • Information technology professionals,
  • Medical,
  • Architectural consultancy,
  • Technical consultancy,
  • Company secretary, or
  • Accountancy, or
  • Legal, or
  • Interior designer, or
  • Film artist,
  • Engineering work

Note:- Any deduction allowable under the provisions of sections 28 to 43C shall be deemed to have been already given full effect to & no further deduction under that section shall be allowed.

An assessee who claims that his profit from profession is lower than 50% of the gross receipts and total income exceeds basic exemption limit, shall be required to maintain such Books of Accounts & other documents as required u/s 44AA(1) & get them audited and furnish such audit report u/s 44AB.

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