My query is that can a professional showing income u/s. 44ADA reduce the % of income shown from previous years.
for eg : the income u/s.44ADA in previous year was 70% of the total professional income, now can this be reduced to 50% in the current FY.
TIA
As such, legally OK but chance of little suspicion.
Thank you sir for your prompt response
You are welcome.
Jawahar and Associates Chartered Accountants
Hyderabad
CA Inter
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Gautam Budh Nagar
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