On the basis of above informations, you are required to compute the Income chargeable under the head of Profits and Gains from Business & Profession, if firm opts to pay tax under presumptive taxation scheme u/s 44AD

Computation of income from Business and Profession as per presumptive taxation scheme u/s 44ADA for the A.Y. 2024-25 Particulars Amount (₹) Gross receipts of Firm (Professional receipts) Consultation fee 22,80,000 Visiting fee 26,51,000 Operation theatre charges 1,60,000 Gross Receipt of the Firm 50,91,000 Presumptive Income u/s 44ADA 50% of Gross Receipt (₹50,91,000 * 50%) 25,45,500 Note: Maximum Limit of receipts for eligibility u/s 44ADA is 50 lakhs. However, in case of an assessee where the amount or aggregate of the amounts received during the previous year, in cash, does not exceed 5% of the total gross receipts of such previous year, this sub-section shall have effect as if for the words "fifty lakh rupees", the words "seventy-five lakh rupees" had been applied. Accordingly, it is assumed that the receipt received in cash does not exceed 5% of the total gross receipts and accordingly section 44ADA is applicable.