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Narasimha N   15 July 2024

Income tax under 44ad

I am an online educator and my company has provided my earnings by deducting TDS under 194JB. 
So should I file ITR under 115BAC (New Tax Regime)?

Also under the head of Income u/s 44AD, what percentage should I consider for showing as income. Should we consider 50% or 30% or is there any standard recommendation to be followed. 

At some places I have read that 8% and 6% can also be considered for cash and bank generated income.

So can you please guide what applies in my case to consider. 



Learning

 1 Replies

T. Kalaiselvan, Advocate (Advocate)     15 July 2024

Your CA is the right person to answer this question 


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