Presumptive income section 44ADA

Tax queries 83 views 3 replies

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

 

 

Replies (3)

As such, legally OK but chance of little suspicion. 

Thank you sir for your prompt response

You are welcome.            


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