https://www.taxtmi.com/reply=120110 Section 44ADA prescribes that presumptive professional income is to be computed at a minimum of 50% of gross receipts, without considering personal expenses, assets, or liabilities. In the context of a doctor's professional receipts, the stated position is that where gross receipts are Rs. 25 lakhs, the minimum income under the presumptive scheme may be declared at Rs. 12.5 lakhs for future filing purposes, subject to the scheme's applicability. en-us Mon, 09 Jun 2025 10:02:51 +0530 Mon, 11 May 2026 17:16:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/reply=120110 Section 44ADA prescribes that presumptive professional income is to be computed at a minimum of 50% of gross receipts, without considering personal expenses, assets, or liabilities. In the context of a doctor's professional receipts, the stated position is that where gross receipts are Rs. 25 lakhs, the minimum income under the presumptive scheme may be declared at Rs. 12.5 lakhs for future filing purposes, subject to the scheme's applicability. Discussion-Forum Income Tax Mon, 09 Jun 2025 10:02:51 +0530 https://www.taxtmi.com/reply=120110