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presumptive

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(Querist)
30 September 2017 can we file under presumptive basis even though last year books where maintained
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Amol S Joglekar

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Amol S Joglekar (Expert)
30 September 2017 yes, you can do so....
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RAJA P M

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RAJA P M (Expert)
30 September 2017 Yes... You can....
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Amol S Joglekar

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Amol S Joglekar (Expert)
01 October 2017 income tax does NOT restrict you to maintain books of accounts.......
presumptive section says that income tax department may NOT ask for the books of accounts.
Try to understand the underlying meaning in the section.

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