Presumptive income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 January 2013
SIR
Am having doubt in regarding presumptive income business. If a person carry on business of hiring i.e 44 AE.. my doubt is whether his turnover exceed the limit prescribed under 44AB he shall continue to show under presumptive head or tax audit???? .. please clarify my doubt.
Am having doubt in regarding presumptive income business. If a person carry on business of hiring i.e 44 AE.. my doubt is whether his turnover exceed the limit prescribed under 44AB he shall continue to show under presumptive head or tax audit???? .. please clarify my doubt.
03 January 2013
If your already crossed the prescribed limit given u/s 44AE, you must be maintain all book of accounts & filed you income tax return as regular business activity.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- Event company query
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
Trending Online Classes
CAclubindia
