If my gross income is more than 50Lakhs but income speratly from salary and professional income is less than 50Lakhs, Can I still avail presumative Taxation for my freelancing income?
Eg. My salary income is 40Lakhs and freelancing income is 17Lakhs. Still can I make my total Taxable Income as 48.5Lakhs?
Thanks
Vignesh
I work as a engineering professional.
Yes, You are eligible to show your freelancing income under sec 44ADA as engineering profession is a specified profession as per Sec 44AA.
That includes salary income as he mentioned in the query. but here receipts from freelancing only need to consider.
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