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Can anyone throw light on the what the income tax liability of a lawyer in a law firm looks like?
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reply Yes please
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reply You pay tax on 50% of your 'salary' as presumptive income. Talk to a CA if you can't identify the necessary provisions.
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reply You need a chartered accountant to file an income tax return, which is as simple as filling your weekly time sheet ? Time lawyers learnt such rudimentary stuff !
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reply Just fill Form 4 on the income tax e filing website, it is quite self-explanatory.
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reply I guess section 44ADA is what applies
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reply Search for 44ADA in this comments thread: https://www.legallyindia.com/convos/topic/162613-End-game-for-corporate-lawyers#comments
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