Can a person who adopts the presumptive taxation scheme of section 44ADA claim any further deduction of expenses after declaring profit @ 50% of gross receipts?

Can a person who adopts the presumptive taxation scheme of section 44ADA claim any further deduction of expenses after declaring profit @ 50% of gross receipts? https://www.taxtmi.com/manuals?id=4098 A taxpayer adopting the presumptive taxation regime under section 44ADA is deemed to have claimed all business expense deductions by declaring the presumptive profit, and therefore cannot claim further expense deductions; however, deductions under Chapter VI-A remain available. en-us Mon, 25 Dec 2023 10:54:00 +0530 Wed, 10 Jan 2024 15:43:00 +0530 TaxTMI RSS Generator Can a person who adopts the presumptive taxation scheme of section 44ADA claim any further deduction of expenses after declaring profit @ 50% of gross receipts? https://www.taxtmi.com/manuals?id=4098 A taxpayer adopting the presumptive taxation regime under section 44ADA is deemed to have claimed all business expense deductions by declaring the presumptive profit, and therefore cannot claim further expense deductions; however, deductions under Chapter VI-A remain available. Manuals Income Tax Mon, 25 Dec 2023 10:54:00 +0530 https://www.taxtmi.com/manuals?id=4098