Presumptive income in case of Professional income & Speculative Income - 44ADA & 44AD

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Ipcc both group
60 Points Posted on 04 October 2020
There is Professional Income (Doctor) of 3,00,000 (Gross Receipt)

F&O loss of 156000 (Speculative Turnover is also 156000).

Salary income of Rs. 6,00,000.

Can I offer Professional Income @ 50% u/s 44ADA and F&O @ 6% profit of Turnover u/s 44AD togather in return?
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On 04 October 2020 at 18:23 Report
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Quick Summary
This discussion clarifies whether a doctor with professional income, F&O losses (speculative), and salary income can claim presumptive income under sections 44ADA and 44AD simultaneously. The consensus is that it is indeed possible to offer professional income at 50% under 44ADA and F&O income at 6% of turnover under 44AD within the same tax return.

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Tax consultant
5895 Points Posted on 04 October 2020
Yes you can
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On 04 October 2020 at 19:43
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Ipcc both group
60 Points Posted on 05 October 2020
Thank You
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On 05 October 2020 at 19:28

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