Presumptive

Direct Taxation

Hi sir/madam i have a query on direct tax Mr.X is following presumptive taxation last few years and for this AY his turnover is 1,00,25000 and this AY also under presumptive coz of less than 2cr and the doubt is his online receipt is 30℅ and cash receipts is 70℅ can he file his return for 8℅ of total turnover of cash receipts and 6℅ of total turnover for online receipts as per 44ad

kalai vani

CA Final

★ 1K+

25-Jul-24 10:47

333

Answers (1)

If turnover does not exceed 2 crore then he can go for 44AD.

Shiva Teja

Faculty

26-Jul-24 13:05