My turnover in FY 2016-17 is 1.64 Crore and i am claiming profits from my business is lower than the profits and gains computed as per the presumptive taxation scheme of section 44AD so i am liable to tax audit for the FY 2016-17.
My question is that can i opt presumptive taxation scheme of section 44AD in next FY 2017-18..
30 September 2017
Sir My question is am i liable to to deduct TDS and Tax audit in FY 2017-18. because in FY 2016-17 i am going for Tax Audit because my profit is less than presumptive income i.e. 8%. and in FY 2017-18 onward my turnover is very low and i will show as per profit section 44AA i.e. 8%.
CAclubindia
