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1750 views • Question added Jul 24, 2023 • Income Tax • By Ankit Somani , CA , Pune


I am salaried employee which is major income. Apart from it, there are below 2 incomes:- a) Income from Freelancing ( Online Q&A from Chegg, Bartleby, Transtutor & like these online portals) b) Income from Examinership & Observership from ICAI,ICSI, ICMAI I was of the view that Freelancing Income (a) involves Technical knowledge. Whether 44AD- Code 16019-Other professional services n.e.c. or Whether 44ADA- Code 16005-Engineering & Technical consultancy Please advise.

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anup kumar

13-Aug-2023 , 01:42:37 pm

Which profession is eligible for 44ADA? A person resident in India engaged in following professions can take advantage of presumptive taxation scheme of section 44ADA:- 1) Legal 2) Medical 3) Engineering or architectural 4) Accountancy 5) Technical consultancy 6) Interior decoration 7) Any other profession as notified by CBDT The Finance Act, 2021 YOU HAVE TO ANALYSE THE RECEIPT IS COVERED UNDER THESE OR NOT ?

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