04 August 2018
Applicabilty of provision " Presumptive scheme to be opted for atleast five years" for A.Y. 2017-18 ? A.Y. 2018-19 ? If a person get his account audited in A.Y. 2017-18, Whether he is elegible for presumptive income for A.Y. 2018-19.
04 August 2018
The question of 5 years arises only when there is a switch over from 44 AD to normal provisions. Here, in the absence of such a condition, 44 AD can be opted in A.Y. 2018-19.
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