Sir,
It is found that in presumptive scheme of IT for business income, the taxable income is 8% of total turn over but is it possible to take the taxable income at 10% or like that? or is it compulsory to take at a rate of 8%?
please reply experts.
Thanks and Regards
Menu
PRESUMPTIVE SCHEME IN IT
Replies (5)
8% is minimum limit.........
you can declare it 10% or more or as per actual availed.......
Many of our clients declare 25 to 45 %.....
Yes... I Agreed to Mr. Dhirajlal Rambhia Sir.,
Yes... You can Show 8% and Above.
Thanks a lot experts...it's so nice your replies are always very helpful to us.
Its Our Pleasure..........
You are Most welcome Mr. Abi Raj...
Recent Threads
- Houston Sign Company For Custom Signs, Banners &am
- Refund due to change in GST Rate Tobacco Products
- Lease related query can we rent out lease ?
- Planning of Ceased a Business i.e Closure of Compa
- Property value in 26QB
- Form 26QB Multiple Buyer/Multiple seller
- Company Formation for clothing business
- TDS on purchase 194Q
- Compensation for urban land acquisition
- Understanding section 269st
Related Threads
CAclubindia
