Presumptive Income 44AD

Express ITR || How to Enter Presumptive Income 44AD

Section 44AD: Simplified Process for Declaring Income

Step 1: Open the relevant client profile or click the "Prepare" button.

      
Step 2: Navigate to the 'Business and Profession' section, then click 'Add Business'.

      
Step 3: In the 'Presumptive' section, create the business entry. Select the appropriate business type (44AD) and provide the necessary details related to the business or its nature. Once completed, click 'Done' or press the 'Esc' key to save.

      

Step 4: Open the Consolidated Schedule BP, and look for the option labeled "Profits and Gains of Business or Profession in Presumptive Income". Click on the calculator icon next to Section 44AD.

      
      

Step 5: Enter the business receipts, declare the profit percentage, and provide the required financial particulars of the business. Once done, click 'Done' or press the 'Esc' key to save your entries.

      

By following these steps, you will successfully enter the presumptive income under Section 44AD.

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