What provision will apply if a person opt for the presumptive taxation scheme of section 44ADA and declares his income from profession at lower rate (i.e. less than 50%)?

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..... Taxation Scheme - Income Tax - Frequently Asked Questions (FAQs) - Income Tax - Manuals - Ans. A person can declare income at lower rate (i.e. less than 50%), however, if he does so, and his incom .....

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