New Delhi, July 27 -- We understand that you are a salaried individual who has also earned freelance professional income of Rs.1 lakh during FY 2025-26. Further, we presume that you qualify as a resident under the provisions of Income-tax Act, 1961 ('the Act') and do not have any other sources of incomes for the said year.

Whether you can opt for presumptive taxation under section 44ADA of the Act depends on the nature of your freelance income. If your freelance work qualifies as a specified profession (such as technical consultancy, interior design, accountancy, legal, medical, architectural or any other notified professions), you may opt for the presumptive taxation scheme, as your gross receipts of Rs.1 lakh are within the prescribed ...