October 13, 2026
Business

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

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

​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 by Soban News (international And National News)

Related posts

Cert-In issues urgent warning for WhatsApp web users over malware campaign – Moneycontrol.com(Soban News)

News-Soban-Admin

India calls for global scrutiny over Pakistan’s ‘ruthless’ crackdown in PoK – The Hindu(Soban News)

News-Soban-Admin

RR vs MI Live Score, IPL 2026: Mumbai Indians faces unbeaten Rajasthan Royals; Toss delayed due to rain; Drizzle stops – Sportstar(Soban News)

News-Soban-Admin

Leave a Comment