Section 44ADA – Presumptive Taxation for Professionals

Tax Glossary Definition

Section 44ADA – Presumptive Taxation for Professionals

This provision offers a simplified tax computation method for certain self-employed professionals—such as doctors, lawyers, accountants, and architects—whose annual gross receipts do not exceed ₹75 lakh. Under this scheme, 50% of the total receipts are deemed to be taxable income, and detailed expense records are not required.

Example: If a freelance consultant earns ₹10 lakh in a year, ₹5 lakh will be considered as taxable income under the presumptive taxation scheme of Section 44ADA.

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