Computation Option

Sir/ Madam
A Doctor is being filed ITRs regularly with all reports.
Just opinion:

Option 1
Gross Receipts 8000000
Expenses (P&L) 3800000
Net Profit 4200000
Other receipts 900000
Taxable income 5100000

Option 2
Income u/s44ADA 4000000
Other receipts 900000
Taxable Income 4900000

ln view of surcharge bracket what would be the best way or any complications even if we maintained records as usually
Replies (2)
Quick Summary
This discussion explores two computation options for a doctor filing their Income Tax Returns (ITRs). Option 1 details gross receipts and expenses, leading to a taxable income. Option 2 utilises Section 44ADA for presumptive income. The core question is which option is best, considering surcharge brackets and potential complications, especially when maintaining detailed records.

The government has specially assigned for these type of assesses
a seperate disclosure

Thank you sir 

So is it okay 

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