Thank you @Quicko for clear clarifications.
This helps
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Where is it written under 44AD “whichever is higher” has to be declared as income?
It however says “sum higher than the aforesaid sum claimed to have been earned by the eligible assessee “. Here the assessee has option to claim that he/she has earned more than 6 or 8% of turn over.
Where does it mandates declaring actual profit at all? Please be specific with reference from existing law and judgements?
Also, on opting 44AD, no further deductions are available under section 30 to 38 of IT Act. Then what is the logic behind declaring actual income under 44AD when you are not getting deductions benefits?
@Quicko please confirm if this is true for section 44AD? For this FY (2023-24)