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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

Answer ID : 81219

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