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ITR-4 FY 2023-24 AY 2024-25

This query is : Resolved 
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(Querist)
14 July 2023 Sir,

FY 2023-24 Annual Sale will be approximately RS. 85 Lacs . So can we go for 44AD and declered profit 8% so in new regime no tax liability . so no need to pay advance tax

Please suggest
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Dhirajlal Rambhia online

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Dhirajlal Rambhia online (Expert)
14 July 2023 Estimation is correct but need to check any other income/s and eligibility of presumptive assessment u/s. 44AD IT act.

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