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

1 month ago 22

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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