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

Ashok Leyland shares rise 5% to hit 52-week high on proposed merger of finance arm with NDL Ventures(Soban News)

News-Soban-Admin

Shock blow for Australia! Key stars ruled out before series start against India – Times of India(Soban News)

News-Soban-Admin

Meet the hidden architects of India’s packaged food boom(Soban News)

News-Soban-Admin

Leave a Comment