Can someone confirm? I smell fishy on this advice
I know 44ADA exists but not for salaried employees
44ADA is a presumptive taxation scheme. Its for professionals like doctor, engineers, lawyers, CAs. Not for salaried.
Isaiah Denver
Stealth
4 months ago
She is a consultant retained by the firm and not an employee so she could use 44ADA to the tune of 75L
The retainer fee for such professionals and income tax is applied on the income after subtracting 50% as costs.
Kendall Everett
Stealth
4 months ago
Petrol too, to and fro courts
Kendall Lee
Student
4 months ago
Next month bolega “tax rich farmers”
It's right, he is saying the right thing as in this case he points out, she isn't employee, bur rather a contractual worker