Section 44ad
This query is : Resolved
16 July 2019
As per section 44AD presumptive taxation scheme has to be opted for atleast 5 years in continuation. What if in any of the 5 years there is nil turnover and presumptive return not filed whether in succeeding years presumptive taxation benefit will be allowed?
16 July 2019
Dear Frd ,yes it is allowed
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