Answer ( 1 )

  1. The presumptive taxation scheme of sections 44ADA​ can be adopted by a person resident in India, carrying on specified profession whose gross receipts do not exceed fifty lakh rupees in a financial year. Following professions are specified profession:

    1) Legal​
    2) Medical
    3) Engineering or architectural
    4) Accountancy
    5) Technical consultancy
    6) Interior decoration
    7) Any other profession as notified by CBDT

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