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Special provision for computing profits and gains of profession on presumptive basis.

Section 44ADA - Act - Part D. - Profits and gains of business or profession - Income Tax - Section 44ADA - 1[ 44ADA.(1) Notwithstanding anything contained in sections 28 to 43C, in the case of an assessee, being a resident in India, who is engaged in .....

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of such profession or, as the case may be, a sum higher than the aforesaid sum claimed to have been earned by the assessee, shall be deemed to be the profits and gains of such profession chargeable to tax under the head Profits and gains of business .....

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The written down value of any asset used for the purposes of profession shall be deemed to have been calculated as if the assessee had claimed and had been actually allowed the deduction in respect of the depreciation for each of the relevant assess .....

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