Presumptive taxation for freelance journalist

Yes you are eligible for 44ADA

Yes you are eligible to file your return u/s.44ADA using presumptive taxation. Under presumptive taxation you need to offer 50% as income on your professional receipts.

Yes, you are eligible for presumptive taxation u/s 44ADA.

Because Journalist is a professional covered u/s 44ADA .

Yes, you are eligible for presumptive taxation u/s 44ADA.

Regards,

Nikhil

Dear Sir,

As you are a freelancer so it will be treated as consultancy and therefore you will be eligible for presumptive taxation scheme u/s 44ADA. If you declare more than or equal to 50% of gross receipts then there is no need to maintain books of accounts but you need to specify some mandatory financial particulars in 44ADA i.e. Capital, sundry debtors, creditors etc.

Thanks

Yes you can opt for 44ada.

Hi

In my opinion, claim for 44ADA could be litigative. However since TDS is deducted under section 194J, that's in favor of claiming the said presumptive taxation scheme. Hence, you should claim the same.

If your gross receipt <= 50 lac you can opt for 44ADA & show 50% profit or more no need to keep any books only receipt detail be there

Yes you can opt for presumptive tax scheme

Section 44ADA is very debatable. There is no clear guidance as to whether 44ADA can be claimed for your case or not.

Section nowhere talks about the conveying of news.

Dear Sir,

Journalis, is not covered under the definition of services considered as profession u/s44ADA.

However you can opt for presumptive taxation u/s 44AD and file your income tax return using code 16019 declaring profit which should be more than 8%.

Hope this resolves your queries!

No you cannot file under 44ADA