Can a non-salaried professional declare 50% income as profit under presumptive tax?

1 week ago 8

Under Section 44ADA of the Income Tax Act, 1961, an assessee opting for presumptive taxation is not required to maintain books of account, provided income is declared at 50% or more of gross receipts

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Can a non-salaried professional declare 50% income as profit under presumptive tax?

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