Upon a plain reading of 44AD & 44ADA, especially sub sections 1 of both, it does not seem as if these schemes are optional. They seem to be merely "deeming" a certain amount of income on "eligible assesses".
Furthermore, both provisions are classified as "Special provisions" in law, which as per many legal rulings found online, supercede "general provisions" of law.
Are these schemes optional for "eligible assesses"?
Is there any legal document avaliable that clearly says these are optional even for "eligible assesses"?
Thank you.
Correct. Even though being optional, deeming provision applied over eligible assessee having eligible business or professions !!!
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