Answer

1. F

   Facts

   Under Sec 44AD, presumptive income is at least 6% of turnover received through bank and digital modes by the due date, and 8% of the rest, including cash. You may declare more if your actual profit is higher.

2. P

   Provisions and law

   • Sec 44AD (now Sec 58)Presumptive business income at 6% of digital and 8% of other receipts for eligible businesses
3. A

   Analysis

   On ₹45 lakh digital and ₹45 lakh cash, minimum income is ₹2,70,000 plus ₹3,60,000, so ₹6,30,000. Receipts by cheque that clear after the due date count as other receipts at 8%. If your real margin is 15%, declare the real profit; showing only the minimum when the margin is clearly higher can still be questioned. Enter the split correctly in the schedule.

4. C

   Conclusion

   1. 1Split receipts into digital or bank and cash or other
   2. 2Apply 6% and 8% respectively
   3. 3Compare with your actual margin and declare the higher
   4. 4Enter both figures in Schedule BP

General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.