One of my client has filed return 44AD for AY 19-20 how ever for AY 20-21 turnover is expected to be approx 1.7cr and he doesn't wishes to show follow the presumptive 8% of profit he wish to show net profit below 8% please advice....
Vinay Jaindani (184 Points)
24 February 2020One of my client has filed return 44AD for AY 19-20 how ever for AY 20-21 turnover is expected to be approx 1.7cr and he doesn't wishes to show follow the presumptive 8% of profit he wish to show net profit below 8% please advice....
A B Kundu
(Professional)
(1422 Points)
Replied 24 February 2020
SOHAN LAL
(Manger Accounts & Finance)
(363 Points)
Replied 24 February 2020
Vinay Jaindani
(184 Points)
Replied 24 February 2020
yea but according to presumption rule if a person has opted for the same he should continue presumption filing for continous period of consecutive 5years in that case will his 19 20 be invalidated??
Kapadia Pravin
(17254 Points)
Replied 24 February 2020
Eswar Reddy S
(CFO- at NHTF)
(58263 Points)
Replied 25 February 2020
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
