Question ID :
41119
444964
INCOME OF HOCKEY PLAYER ON WHICH TDS IS DEDUCTED UNDER SECTION 194JB WILL BE SHOWN UNDER 44 AD OR 44ADA?? PLZ TELL ME KNOW THE BUSINESS CODE.
Posted by
ARIHANT JAIN
on
Aug 11, 2021
Filed Under
DIRECT TAXES
44ADA is applicable for sports professionals(subject to maximum limit of Rs.50lakhs in a financial year).
Business code is 16019 : Other professional services n.e.c.
Posted by
Ananthanarayanan on
Aug 11, 2021
Answer ID :
81232
U/s 44ADA if his gross income doesn't exceed Rs. 50 Lakhs
Posted by
Hari Beldona on
Aug 24, 2021