Answers On Topic: Section 44AA(1)
Can professionals not falling with in specified professional category stated under sec 44AA compute their income under 44AD? Or are they not entitled for presumptive income scheme? Freelance business journalist providing editorial service on weekly or monthly basis on business news of interest to client is entitled to compute her income under 44AD
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If a law student of Semester V renders para legal services such as legal drafting and research etc. as a freelancer to a lawyer, whether such student is eligible for benefit under Section 44ADA. The lawyer makes online payments to him with 10% TDS.
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Presumptive income