alleryStart learning →Basic receipts ceiling for presumptive tax on professionals under 44ADA?
ARs 40 lakh
BRs 30 lakh
CRs 20 lakh
DRs 50 lakh
Answer & Solution
Correct answer: D. Rs 50 lakh
Section 44ADA applies to resident professionals whose total gross receipts do not exceed fifty lakh rupees.
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