{"id":736,"date":"2023-06-08T09:46:56","date_gmt":"2023-06-08T09:46:56","guid":{"rendered":"https:\/\/vibrantfinserv.com\/kb\/?p=736"},"modified":"2024-09-27T10:15:54","modified_gmt":"2024-09-27T10:15:54","slug":"what-is-the-presumptive-taxation-scheme-of-section-44ada-applicable-for","status":"publish","type":"post","link":"https:\/\/vibrantfinserv.com\/kb\/what-is-the-presumptive-taxation-scheme-of-section-44ada-applicable-for\/","title":{"rendered":"What is the presumptive taxation scheme of Section 44ADA applicable for?"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-18\" src=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/05\/Logo-Vibrant-FinServ-300x143.png\" alt=\"\" width=\"90\" height=\"43\" srcset=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/05\/Logo-Vibrant-FinServ-300x143.png 300w, https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/05\/Logo-Vibrant-FinServ.png 482w\" sizes=\"auto, (max-width: 90px) 100vw, 90px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright\" src=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/06\/Section-44ADA.jpeg\" alt=\"Section 44ADA\" width=\"257\" height=\"135\" \/><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/vibrantfinserv.com\/kb\/what-is-the-presumptive-taxation-scheme-of-section-44ada-applicable-for\/#Section_44ADA\" >Section 44ADA<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/vibrantfinserv.com\/kb\/what-is-the-presumptive-taxation-scheme-of-section-44ada-applicable-for\/#Key_Features_of_Section_44ADA\" >Key Features of Section 44ADA<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/vibrantfinserv.com\/kb\/what-is-the-presumptive-taxation-scheme-of-section-44ada-applicable-for\/#Advantages_of_Section_44ADA\" >Advantages of Section 44ADA<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/vibrantfinserv.com\/kb\/what-is-the-presumptive-taxation-scheme-of-section-44ada-applicable-for\/#Disadvantages_and_Limitations\" >Disadvantages and Limitations<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/vibrantfinserv.com\/kb\/what-is-the-presumptive-taxation-scheme-of-section-44ada-applicable-for\/#FAQs\" >FAQs:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/vibrantfinserv.com\/kb\/what-is-the-presumptive-taxation-scheme-of-section-44ada-applicable-for\/#1_What_is_Section_44ADA\" >1. What is Section 44ADA?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/vibrantfinserv.com\/kb\/what-is-the-presumptive-taxation-scheme-of-section-44ada-applicable-for\/#2_Who_is_eligible_for_Section_44ADA\" >2. Who is eligible for Section 44ADA?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/vibrantfinserv.com\/kb\/what-is-the-presumptive-taxation-scheme-of-section-44ada-applicable-for\/#3_How_is_presumptive_income_calculate_under_Section_44ADA\" >3. How is presumptive income calculate under Section 44ADA?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/vibrantfinserv.com\/kb\/what-is-the-presumptive-taxation-scheme-of-section-44ada-applicable-for\/#4_Do_professionals_need_to_maintain_books_of_accounts_under_Section_44ADA\" >4. Do professionals need to maintain books of accounts under Section 44ADA?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/vibrantfinserv.com\/kb\/what-is-the-presumptive-taxation-scheme-of-section-44ada-applicable-for\/#5_Is_a_tax_audit_necessary_for_professionals_using_Section_44ADA\" >5. Is a tax audit necessary for professionals using Section 44ADA?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/vibrantfinserv.com\/kb\/what-is-the-presumptive-taxation-scheme-of-section-44ada-applicable-for\/#6_What_tax_forms_do_professionals_need_to_file_under_Section_44ADA\" >6. What tax forms do professionals need to file under Section 44ADA?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/vibrantfinserv.com\/kb\/what-is-the-presumptive-taxation-scheme-of-section-44ada-applicable-for\/#7_What_happens_if_gross_receipts_exceed_%E2%82%B950_lakhs\" >7. What happens if gross receipts exceed \u20b950 lakhs?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/vibrantfinserv.com\/kb\/what-is-the-presumptive-taxation-scheme-of-section-44ada-applicable-for\/#8_Can_deductions_be_claim_under_Section_44ADA\" >8. Can deductions be claim under Section 44ADA?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/vibrantfinserv.com\/kb\/what-is-the-presumptive-taxation-scheme-of-section-44ada-applicable-for\/#9_What_are_the_advantages_of_using_Section_44ADA\" >9. What are the advantages of using Section 44ADA?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/vibrantfinserv.com\/kb\/what-is-the-presumptive-taxation-scheme-of-section-44ada-applicable-for\/#10_Are_there_any_limitations_of_Section_44ADA\" >10. Are there any limitations of Section 44ADA?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"Section_44ADA\"><\/span>Section 44ADA<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Presumptive Taxation Scheme under Section 44ADA of the Income Tax Act, 1961, was introduced to simplify the tax compliance process for small professionals and to reduce their tax burden. This scheme is specifically designed for individuals.<\/p>\n<p>Hindu Undivided Families (HUFs), and partnership firms engaged in specified professions. It allows eligible taxpayers to declare their income on a presumptive basis, thus eliminating the need for detailed accounting.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Key_Features_of_Section_44ADA\"><\/span>Key Features of Section 44ADA<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ol>\n<li><strong>Eligibility<\/strong>: The presumptive taxation scheme under Section 44ADA is applicable to professionals such as:\n<ul>\n<li>Accountants<\/li>\n<li>Architects<\/li>\n<li>Engineers<\/li>\n<li>Medical professionals<\/li>\n<li>Lawyers<\/li>\n<li>Consultants<\/li>\n<li>Other professionals specified under Section 44AA(1) of the Income Tax Act<\/li>\n<\/ul>\n<p>To be eligible, the total gross receipts of the professional must not exceed \u20b950 lakhs in a financial year.<\/li>\n<li><strong>Presumptive Income<\/strong>: Under this scheme, 50% of the total gross receipts are deemed to be the taxable income of the professional. For example, if a professional has gross receipts of \u20b940 lakhs.<\/li>\n<li>The presumptive income will be \u20b920 lakhs (50% of \u20b940 lakhs).<\/li>\n<li><strong>No Need for Detailed Books of Accounts<\/strong>: One of the significant advantages of this scheme is that eligible professionals are not required to maintain detail books of accounts. This simplifies the tax filing process, as taxpayers do not have to keep extensive records of their income and expenses.<\/li>\n<li><strong>Tax Liability<\/strong>: The presumptive income calculate under this scheme is subject to income tax as per the applicable income tax slab rates. Professionals can also claim deductions under various sections, such as Section 80C for investments made in specified instruments.<\/li>\n<li><strong>Tax Audit Exemption<\/strong>: Professionals opting for Section 44ADA are exempt from the requirement of tax audits, which can often be a cumbersome and time-consuming process.<\/li>\n<li><strong>Filing Requirements<\/strong>: Professionals using this scheme must file their income tax returns under the ITR-4 form. It is essential to ensure that the gross receipts do not exceed the specified limit of \u20b950 lakhs to qualify for the scheme.<\/li>\n<li><strong>Transition to Other Taxation Regimes<\/strong>: If the gross receipts exceed \u20b950 lakhs, the professional will have to transition to the regular taxation regime, where they will need to maintain detailed accounts and comply with the tax audit requirements.<\/li>\n<\/ol>\n<h4><span class=\"ez-toc-section\" id=\"Advantages_of_Section_44ADA\"><\/span>Advantages of Section 44ADA<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ol>\n<li><strong>Simplified Compliance<\/strong>: The scheme significantly reduces the compliance burden for small professionals, allowing them to focus more on their core activities rather than on complex accounting and tax filing processes.<\/li>\n<li><strong>Reduced Tax Burden<\/strong>: By allowing professionals to declare 50% of their gross receipts as income, Section 44ADA helps in reducing the overall tax liability.<\/li>\n<li><strong>Flexibility<\/strong>: The scheme provides flexibility for professionals to choose the presumptive taxation option without being bound by extensive regulations.<\/li>\n<li><strong>Encouragement for Small Professionals<\/strong>: The introduction of this scheme aims to encourage more professionals to enter the formal tax system, ensuring better compliance and contributing to the nation\u2019s tax revenues.<\/li>\n<\/ol>\n<h4><span class=\"ez-toc-section\" id=\"Disadvantages_and_Limitations\"><\/span>Disadvantages and Limitations<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ol>\n<li><strong>Presumptive Income Limitation<\/strong>: Professionals may feel that 50% of gross receipts may not accurately reflect their actual income, especially if they have high expenses relate to their profession.<\/li>\n<li><strong>Limit on Gross Receipts<\/strong>: The threshold of \u20b950 lakhs may restrict larger professionals or firms from benefiting from this scheme.<\/li>\n<li><strong>Ineligibility for Certain Deductions<\/strong>: While professionals can claim some deductions, the scheme does limit certain expenses that may be deductible under regular accounting practices.<\/li>\n<\/ol>\n<h3><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"flex max-w-full flex-col flex-grow\">\n<div class=\"min-h-8 text-message flex w-full flex-col items-end gap-2 whitespace-normal break-words [.text-message+&amp;]:mt-5\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"10b52a70-e126-4306-998e-002dfa58759c\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[3px]\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<h3><span class=\"ez-toc-section\" id=\"1_What_is_Section_44ADA\"><\/span>1. <strong>What is Section 44ADA?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans:<\/strong> Section 44ADA is a provision in the Income Tax Act that allows small professionals to declare their income on a presumptive basis, simplifying tax compliance.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Who_is_eligible_for_Section_44ADA\"><\/span>2. <strong>Who is eligible for Section 44ADA?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans:<\/strong> It is applicable to individuals, HUFs, and partnership firms engage in specify professions like accounting, engineering, architecture, and medical services with gross receipts not exceeding \u20b950 lakhs.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_How_is_presumptive_income_calculate_under_Section_44ADA\"><\/span>3. <strong>How is presumptive income calculate under Section 44ADA?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans:<\/strong> Presumptive income is calculate as 50% of the total gross receipts for example.<\/p>\n<p>If gross receipts are \u20b940 lakhs, the presumptive income will be \u20b920 lakhs.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Do_professionals_need_to_maintain_books_of_accounts_under_Section_44ADA\"><\/span>4. <strong>Do professionals need to maintain books of accounts under Section 44ADA?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans:<\/strong> No, professionals opting for Section 44ADA are not require to maintain detail books of accounts.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_Is_a_tax_audit_necessary_for_professionals_using_Section_44ADA\"><\/span>5. <strong>Is a tax audit necessary for professionals using Section 44ADA?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans:<\/strong> No, professionals under this scheme are exempt from tax audits.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_What_tax_forms_do_professionals_need_to_file_under_Section_44ADA\"><\/span>6. <strong>What tax forms do professionals need to file under Section 44ADA?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans:<\/strong> They must file their income tax returns using the ITR-4 form.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"7_What_happens_if_gross_receipts_exceed_%E2%82%B950_lakhs\"><\/span>7. <strong>What happens if gross receipts exceed \u20b950 lakhs?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans:<\/strong> If gross receipts exceed \u20b950 lakhs, the professional must switch to the regular taxation regime and maintain detail accounts.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"8_Can_deductions_be_claim_under_Section_44ADA\"><\/span>8. <strong>Can deductions be claim under Section 44ADA?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans:<\/strong> Yes, professionals can claim deductions under various sections, such as Section 80C for certain investments.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"9_What_are_the_advantages_of_using_Section_44ADA\"><\/span>9. <strong>What are the advantages of using Section 44ADA?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans:<\/strong> Advantages include simplify compliance, reduce tax burden, and exemption from tax audits, making it easier for small professionals to manage their taxes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"10_Are_there_any_limitations_of_Section_44ADA\"><\/span>10. <strong>Are there any limitations of Section 44ADA?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans:<\/strong> Limitations include the fixe 50% presumptive income, the \u20b950 lakh threshold for gross receipts, and restrictions on certain deductible expenses.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<h4><\/h4>\n<p><strong>For more information to Visit: <a href=\"https:\/\/www.incometax.gov.in\">https:\/\/www.incometax.gov.in<\/a><\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright\" src=\"https:\/\/blog.allindiaitr.com\/wp-content\/uploads\/2020\/10\/Presumptive-Taxation-Scheme_-Section-44ADA-of-the-Income-Tax-Act.png\" alt=\"Section 44ADA\" width=\"202\" height=\"114\" \/><\/p>\n<p><strong>For further details access our website:<a href=\"https:\/\/vibrantfinserv.com\"> https:\/\/vibrantfinserv.com<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Section 44ADA The Presumptive Taxation Scheme under Section 44ADA of the Income Tax Act, 1961, was introduced to simplify the tax compliance process for small professionals and to reduce their tax burden. This scheme is specifically designed for individuals. Hindu Undivided Families (HUFs), and partnership firms engaged in specified professions. It allows eligible taxpayers to\u2026 <span class=\"read-more\"><a href=\"https:\/\/vibrantfinserv.com\/kb\/what-is-the-presumptive-taxation-scheme-of-section-44ada-applicable-for\/\">Read More &raquo;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":4731,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1459],"tags":[17089,48890,48847,3130,3086,48867,48829,48899,48885,48902,48836,48866,48874,6535,48897,48873,48843,48906,48841,48823,2625,48886,48905,48880,48834,48855,48893,3179,48859,3068,48856,48851,48828,48878,8766,8763,48900,48832,48853,48881,48883,3331,48845,48826,48860,48877,48904,48898,48907,48884,48858,48837,48862,48870,2579,48865,48824,48872,48868,48869,48892,48830,48901,48842,48861,48854,48840,48876,48871,48827,48896,1636,1637,48863,48882,48875,48891,1635,48857,48848,48894,5376,25207,48835,48825,5162,48864,48895,538,48844,48889,48850,48888,48838,48831,48849,48839,48846,48852,48879,48903,48887,48833],"class_list":["post-736","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-account-finance","tag-accountants","tag-adventureguides","tag-appdevelopers","tag-architects","tag-artists","tag-auditors","tag-authors","tag-backpackingguides","tag-bakers","tag-birdwatchingguides","tag-bloggers","tag-bookkeepers","tag-businesscoaches","tag-businessconsultants","tag-campingguides","tag-careercoaches","tag-caterers","tag-cityguides","tag-coaches","tag-consultants","tag-contentcreators","tag-culinaryinstructors","tag-culturalguides","tag-dieticians","tag-digitalmarketers","tag-digitalnomads","tag-divinginstructors","tag-doctors","tag-ecommercesellers","tag-engineers","tag-entrepreneurs","tag-eventmanagers","tag-eventplanners","tag-executivecoaches","tag-financialadvisors","tag-financialplanners","tag-fishingguides","tag-fitnessinstructors","tag-fitnesstrainers","tag-foodbloggers","tag-foodstylists","tag-freelancers","tag-freelancewriters","tag-graphicdesigners","tag-handmadecrafters","tag-healthcoaches","tag-heritageguides","tag-hikingguides","tag-historicalguides","tag-homechefs","tag-independentcontractors","tag-influencers","tag-insuranceagents","tag-insurancebrokers","tag-interiordesigners","tag-investmentadvisors","tag-lawyers","tag-lifecoaches","tag-loanofficers","tag-mortgagebrokers","tag-mountainguides","tag-musicians","tag-natureguides","tag-nutritionists","tag-onlineretailers","tag-onlineteachers","tag-onlinetrainers","tag-parentingcoaches","tag-personaltrainers","tag-photographers","tag-photographyguides","tag-presumptivetaxation","tag-professionalincome","tag-realestateagents","tag-recipedevelopers","tag-relationshipcoaches","tag-safariguides","tag-section44ada","tag-selfemployedprofessionals","tag-seoexperts","tag-skiinstructors","tag-smallbusinessowners","tag-smes","tag-socialmediamanagers","tag-softwaredevelopers","tag-startups","tag-stockbrokers","tag-surfinstructors","tag-taxconsultants","tag-tourguides","tag-touroperators","tag-translators","tag-travelagents","tag-travelbloggers","tag-tutors","tag-virtualassistants","tag-vloggers","tag-webdevelopers","tag-weddingplanners","tag-wellnesscoaches","tag-wildlifeguides","tag-wineexperts","tag-yogateachers"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Section 44ADA \/ Article \/ VibrantFinserv -<\/title>\n<meta name=\"description\" content=\"The presumptive taxation scheme of Section 44ADA is applicable for certain professionals who have a total gross income of up to Rs. 50 lakhs..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/vibrantfinserv.com\/kb\/what-is-the-presumptive-taxation-scheme-of-section-44ada-applicable-for\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Section 44ADA \/ Article \/ VibrantFinserv -\" \/>\n<meta property=\"og:description\" content=\"The presumptive taxation scheme of Section 44ADA is applicable for certain professionals who have a total gross income of up to Rs. 50 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