Mr.A is a salaried employee. He has received a one time professional fee (below 50lacs) for software consultancy and TDS is deducted u/s 194J. He does not maintain books of accounts.
Can he opt for Presumptive taxation by taking 50% of fee received as taxable income?
Thanks in advance
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Presumptive taxation for professional income
Replies (2)
Yes. Presumptive Taxation can be opted for in the scenario. There is no restriction on claiming the same if the assessee is also earning salary income.
Thank you
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