Audit Associate
24 Points
Posted on 10 November 2021
I would like to get an opinion on the following
An Assessee (Individual) having Sales of Rs.3 crore (Rubber) during the year
can we adopt presumptive taxations us 44AD for 1.05 crore (being 35% of sales) and declare a profit of 8.40 lakh and the remaining 1.95 crores as agricultural income?
CAclubindia
