New Delhi, Aug. 21 -- If you are a software engineer earning additional income by developing and selling mobile applications as a side business, you may consider the presumptive taxation scheme under Section 44ADA while filing your income tax return (ITR). The scheme can simplify tax compliance and may allow eligible taxpayers to account for expenses related to their professional activities.

Regarding the presumptive taxation option, an eligible taxpayer may opt for the scheme available to specified professionals under Section 44ADA.

Under the presumptive taxation scheme of Section 44ADA, at least 50% of gross professional receipts must be declared as taxable income. However, if the actual income earned is higher than 50% of gross recei...