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What provision will apply if a person opt for the presumptive taxation scheme of section 44ADA and declares his income from profession at lower rate (i.e. less than 50%)?

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....Taxation Scheme - Income Tax - Frequently Asked Questions (FAQs)<br>Income Tax<br>Ans. A person can declare income at lower rate (i.e. less than 50%), however, if he does so, and his income exceeds th....

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What provision will apply if a person opt for the presumptive taxation scheme of section 44ADA and declares his income from profession at lower rate (i.e. less than 50%)?