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Return of presumptive income

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15 July 2014 Hello everyone.... Last year, i had filed ROI on presumptive basis i-e i have a small business of bag mfg and also, income from house property.... this year, i have close down the business after a few months of operatin... i need advise regarding.... 1. under which form should i file ROI? 2. Is it appropriate to file ROI on presumptive basis? almost all transactions are held in cash... 3. Will there be any problem in case of any assessment?

15 July 2014 you can still file under presumptive taxation...



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