Income tax return query.
Rajeev Yadav (53 Points)
27 December 2021Rajeev Yadav (53 Points)
27 December 2021
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177736 Points)
Replied 27 December 2021
If turnover goes above 2 Crs. you have no option of opting for presumptive assessment by law itself, and as such it is not treated as opting out of the scheme. Whenever turnover is within the said limit, you are bound to opt it, otherwise it will be treated as opting out from that AY.
Rajeev Yadav
(53 Points)
Replied 27 December 2021
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177736 Points)
Replied 27 December 2021
Yes, it is by default......... u/s. 44AB(a) of IT act.
Rajeev Yadav
(53 Points)
Replied 30 December 2021