Answer

1. F

   Facts

   Gross receipts are generally the amount billed to the client, before platform fees. Platform fees are an expense, which under Sec 44ADA is treated as covered by the 50% deemed expense.

2. P

   Provisions and law

   • Sec 44ADA, Income-tax Act 1961 (now Sec 58, Income-tax Act 2025)Resident professionals with receipts up to ₹50 lakh (₹75 lakh if cash receipts are within 5%) can declare 50% of receipts as income
   • Sec 37, Income-tax Act 1961 (now Sec 34, Income-tax Act 2025)Business expenses wholly and exclusively for the business are deductible
3. A

   Analysis

   Example: you billed $30,000 on a platform that took 10%; the gross receipt is the rupee equivalent of $30,000, not $27,000. Using the net figure understates receipts and can create a mismatch with platform statements. If fees are very high, compare with actual profit under books.

4. C

   Conclusion

   1. 1Download the platform's annual earnings statement
   2. 2Take gross billing as receipts
   3. 3Treat fees as covered by the 50% deemed expense
   4. 4Keep the statements for reference

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