Tax Audit for professional

Indira (CA ) (1385 Points)

14 March 2025  

Hello everyone

Income from profession is less than INR 75 Lakhs. Not opting for presumptive taxation under 44ADA. Can a assessee maintain books of accounts and file the ITR at less than 50% of the receipts from profession or he will be subjected to tax audit on not declaring 50% of receipts as professional income. Please clarify

 

Thanks