https://www.taxtmi.com/forum/issue?id=112461 Eligibility for the presumptive scheme requires that the profession fall within the classes covered by Section 44AA(1). If eligible and the taxpayer opts for the presumptive regime under Section 44ADA, deemed net profit is accepted as a proportion of receipts and routine expenses are treated as assumed; TDS deducted by clients is not an expense but remains a tax credit that can be set off against tax on other income. en-us Fri, 28 Jul 2017 14:50:15 +0530 Thu, 23 Jan 2025 15:55:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=112461 Eligibility for the presumptive scheme requires that the profession fall within the classes covered by Section 44AA(1). If eligible and the taxpayer opts for the presumptive regime under Section 44ADA, deemed net profit is accepted as a proportion of receipts and routine expenses are treated as assumed; TDS deducted by clients is not an expense but remains a tax credit that can be set off against tax on other income. Discussion-Forum Income Tax Fri, 28 Jul 2017 14:50:15 +0530 https://www.taxtmi.com/forum/issue?id=112461