can I file ITR 4 asst year 2017-18 after taking 6%profit ??
what is the procedure next 5 yr Filing ???
The presumptive taxation scheme can be opted for by the eligible assessee who is engaged in any business (except the business of plying, hiring or leasing goods carriages referred to in section 44AE), whose turnover or gross receipts from such business do not exceed 2Cr. Ruppes.......
Refer details: section-44ad-theory
You stand to loose presumptive tax benefits, if you do not continue them for atleast 5 years.
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