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<h1>Presumptive taxation requires professionals to compute income from gross receipts on a prescribed presumptive portion, with option to declare higher.</h1> Computation of taxable income for a person adopting the presumptive taxation scheme under section 44ADA requires computing income on a presumptive basis, taken as 50% of the total gross receipts of the profession, with the taxpayer permitted to declare a higher income which will be treated as taxable.