Can someone confirm? I smell fishy on this advice
I know 44ADA exists but not for salaried employees
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44ADA is a presumptive taxation scheme. Its for professionals like doctor, engineers, lawyers, CAs. Not for salaried.
Full time employees can also use this if they freelance!
If your company says in employment letter and all such official documentation that you are a consultant to the company and not an employee of a company then you can also avail it.
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
Next month bolega “tax rich farmers”
what additional cost are they incurring? Printing paper?
Petrol too, to and fro courts
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.