if individual b/s turnover lesser than 2 crores ..and his net profit below than 6 % or 8% ....
can he apply for presumptive..scheme..after maintaing of book and done..with audit
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presumptive taxation scheme
Replies (6)
If he declares income under sec. 44AD with minimum 6/8% profit margin, he can escape from tax audit; ........ otherwise in all circumstances, tax audit applicable.
sir.. is there any option in under presumptive tax scheme... for show loss ..is it allowed under scheme..
No........ Presumptive scheme is only for declaring minimum stipulated profit......
...............Only chance is if total income doesn't exceed 'maximum amount not chargeable to tax'
Good morning sir,
Where can i fill itr late fee amount in this, AY 2018-19
@ Praveen
........ "Others'
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