Presumptive Income 44ADA

Can I claim 40-45 % expenses under 44ADA even though I haven't occurred them.

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Quick Summary
This discussion clarifies the rules surrounding presumptive income under Section 44ADA. It confirms that individuals can declare a minimum of 50% of their income as profit, effectively allowing for an expense claim of up to 40-45%, even if actual expenses incurred are lower. This provides flexibility in tax reporting for eligible professionals.

Yes, you may do so. The requirement is to declare a min of 50% of income as profit.

Yes, you can....
Yes you can

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