The Presumptive taxation scheme is designed to give relief to small taxpayers from maintaining books of accounts and getting them audited.
The following professionals are cannot register for Presumptive Taxation Scheme u/s 44ADA:
- Having gross professional receipts of more than INR 50 Lakh
- Professional income from carrying on agency business.
- Professional income from Commission or Brokerage.
You can also add your Presumptive Professional Income on Quicko