Eligibility of 44ADA if Turnover in Previous FY is 1 crore and Present FY is under 75L

This discussion addresses the eligibility for presumptive taxation under Section 44ADA for professionals. Specifically, it questions whether a professional who earned 1 crore in the previous financial year can still opt for 44ADA if their current financial year's earnings are below 75 lakhs. The core of the confusion lies in whether previous year's turnover impacts current year's eligibility, despite the section's limits being based on current year receipts.