Gross receipts declared in itr returns f.y.24-25

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ross receipts declared in itr returns f.y.24-25<br> Query (Issue) Started By: - Sundaraiah kollipara Dated:- 9-6-2025 Last Reply Date:- 11-5-2026 Income Tax<br>Got 1 Reply<br>Income Tax<br>Sir, A d....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....octor professional income gross receipts Ra. 25 lacs Rs. 5 lacs personal expenses but doctor professional income account records not maintained F.Y. 24-25 Total assets increased F.Y. 24-25 Rs. 10 l....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....acs Total liabilities decreased F.Y. 24-25 Rs.5 lacs Personal expenses Rs. 5 lacs F.Y. 24-25 Question: Assesses Gross receipts income declared Rs. 25 lacs or Rs. 20 lacs in ITR returns Sec....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... 44ADA provision of it purpose F.Y. 24-25 Reply By FCA Adv amit aggarwal: The Reply: as per prov of sec 44ADA - minimum income = 50% of gross receipts, without considering any personal exp, asset....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....s and liabilities for future aspects minimum income can declare - 12.5 lacs<br> Discussion Forum - Knowledge Sharing ....