Gross receipts during apr 2017 to Mar 18 around 1.3 crore credited to bank account.
But return not filled.
Presumptive taxation
ganesh (student) (54 Points)
26 November 2018
Parinati Shastri
(acct)
(179 Points)
Replied 26 November 2018
For professional receipts tax audit mandatory.
Hitesh
(Student)
(3549 Points)
Replied 26 November 2018
Paresh Raut
(other)
(264 Points)
Replied 26 November 2018
As per sec. 44AB of IT act, when gross receipt exceed 50 lakhs, tax audit is mandatory.
ganesh
(student)
(54 Points)
Replied 26 November 2018
Paresh Raut
(other)
(264 Points)
Replied 26 November 2018
Presumptive assessment u/s. 44AD can only be applicable, if its eligible business and not for professional receipts.
RAJA P M
("Do the Right Thing...!!!")
(127921 Points)
Replied 26 November 2018
Nitesh bind
(Student CA Final )
(12692 Points)
Replied 27 November 2018
ganesh
(student)
(54 Points)
Replied 28 November 2018
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
