Section 44ADA lets eligible professionals declare 50% of gross receipts as taxable profit without maintaining full books — useful for doctors, architects, interior designers, and consultants in Coimbatore with receipts within the prescribed limit.
Who can opt in
- Specified professions under the Income Tax Act
- Gross receipts within the notified ceiling (check current limits)
- No separate books required if conditions are met
- File ITR-4 (Sugam) with presumptive schedule
Compare with Section 44AD for businesses, freelancer GST & ITR guide, and ITR-4 filing service.
