Section 44ADA has been inserted in the Income Tax to provide for estimating the income of an assessee @ ............

CS Executive · Tax Laws and Practice · PYQS · December 2021
Section 44ADA has been inserted in the Income Tax to provide for estimating the income of an assessee @ ............
(A) 20% of the Total Gross receipt
(B) 50% of the Total Gross receipt
(C) 60% of the Total Gross receipt
(D) 80% of the Total Gross receipt

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax Act, 1961

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