A Professional is opting for 44 ada. His Turnover is 10lakhs and Expenses(direct+indirect) is 2 lakhs.
so is it ideal to opt for 44ada and show your income @ 50% of your gross turnover in this case ?
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44 ada income
Replies (2)
Yes. You can show 50% irrespective of actual income.
That is the benefit of 44ADA
That is the benefit of 44ADA
Yes you can do so but if your income is more than 50%, you can also declare higher income.
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