we have running a retails business(Partnership Firm ) Turnover for the FY 2017-18 is Rs 1,30,00,000/- if my actual profit is 20% and i meet all criteria's of 44AD can i still show my " presumptive income " @ 8% ? if not than what's the point of making this scheme ? please note that 100% of income come to bank account
CAclubindia
