44ad or 44ae
rocky (accountant) (948 Points)
23 June 2018rocky (accountant) (948 Points)
23 June 2018
Ashish Khillan
(Gaining knowledge)
(1039 Points)
Replied 23 June 2018
CA Pratik Gelda
(Chartered Accountant)
(50 Points)
Replied 23 June 2018
Yes your client can definitely file return under section 44AD as long as profit margin is 8% or more and turover is upto ₹ 2 crores.
To know more about section 44AD, 44ADA and 44AE, you can read this post. - Guide to Presumptive taxation (section 44AD, 44ADA and 44AE.
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