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.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
