Dr. Chow Mow is a medical practitioner, has gross receipt of ₹ 51,50,000 for the F.Y. 2023-24, his total receipts consists 75% cash receipts and balance through the bank. His presumptive income u/s 44ADA would be :
CS Executive · Tax Laws · PYQS · December 2024
Dr. Chow Mow is a medical practitioner, has gross receipt of ₹ 51,50,000 for the F.Y. 2023-24, his total receipts consists 75% cash receipts and balance through the bank. His presumptive income u/s 44ADA would be :
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Income Tax Act
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