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It query for sec 44ada return filer

This query is : Resolved 

Sir,
Sec 44ada it returns filed professional income person gross receipts rs:10 lacs 50% income declared rs:5 lacs show in it returns and house expenses rs:1,50,000/-
Question:
Assess rs:10 lacs income -expenses rs:5 lacs -1,50,000/- house expenses remaining balance amount Rs:3,50,000/- cash deposit in bank account correct procedure.

44ADA you declared 5 lacs profit, but actual profit may be more so consider actual profit less expenses for bank deposit



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