Can we show flat 50% profit under section 44ADA in ITR?

Question

Can a professional with side business income claim 50% profit as part of section 44ADA while filing ITRs?
What if the real profit is more than 50%, let's say, 80%?
Is such a professional safe to claim 50% profit and enjoy the benefit as part of 44ADA?
Total turnover receipts are less than 50 lakhs per annum.

Dheer · Accepted Answer

An salaried individual can declare additional income from specified professions under 44ADA at 50% of gross receipts irrespective of actual. This would be treated as final income.

Can we show flat 50% profit under section 44ADA in ITR?

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