rama krishnan (12239 Points)
27 May 2018
Krishna
(Manager - Genesis Tax Consultant)
(531 Points)
Replied 27 May 2018
rama krishnan
(12239 Points)
Replied 27 May 2018
Krishna
(Manager - Genesis Tax Consultant)
(531 Points)
Replied 27 May 2018
rama krishnan
(12239 Points)
Replied 27 May 2018
Krishna
(Manager - Genesis Tax Consultant)
(531 Points)
Replied 27 May 2018
rama krishnan
(12239 Points)
Replied 27 May 2018
Krishna
(Manager - Genesis Tax Consultant)
(531 Points)
Replied 27 May 2018
rama krishnan
(12239 Points)
Replied 27 May 2018
Krishna
(Manager - Genesis Tax Consultant)
(531 Points)
Replied 27 May 2018
As per Income Tax, if a person has not maintain the books of accounts basis on the total gross receipt consider 50% as net income for professional, on that basis I will do my computation.
If a person maintain books of Accounts properly then there is no need of presumptive taxation. He can file the return in ITR3 and pay the actual tax as per the Actual information.
rama krishnan
(12239 Points)
Replied 27 May 2018
Krishna
(Manager - Genesis Tax Consultant)
(531 Points)
Replied 27 May 2018
Sir, It is purely depend upon the individuals who come for tax filing. Who ever comes, we ask them to maintain the books of accounts properly. If you are getting a new client and doesn't maintain the books of account at all. For him this we have to got also we need to educate him to maintain the books properly.
Presumptive Income is not the best solution for long term business....
rama krishnan
(12239 Points)
Replied 27 May 2018
Krishna
(Manager - Genesis Tax Consultant)
(531 Points)
Replied 27 May 2018
Krishna
(Manager - Genesis Tax Consultant)
(531 Points)
Replied 27 May 2018
Sir, I totally understand where you want to end up the discussion:-)
CAclubindia
