TMI BlogCan a person who adopts the presumptive taxation scheme of section 44ADA claim any further deduction of expenses after declaring profit @ 50% of gross receipts?X X X X Extracts X X X X X X X X Extracts X X X X ..... cheme - Income Tax - Frequently Asked Questions (FAQs) - Income Tax - Manuals - Ans. No, a person who adopts the presumptive taxation scheme is deemed to have claimed all deduction of expenses. An ..... X X X X Extracts X X X X X X X X Extracts X X X X
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