Section 44ADA - Cash Receipts

This discussion clarifies how to handle cash receipts and subsequent bank deposits when opting for presumptive taxation under Section 44ADA. It confirms that cash deposited into your bank account should be considered part of your total cash receipts for the profession. For example, if you have £100 in cash receipts and deposit £40 into the bank, the total receipt to declare is £100, assuming the deposit originates from those receipts.