44-ad - itr-5

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TARIQUE RIZVI (Querist)
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26 July 2019 Ours is a partnership firm. Due to certain reason we want to file ITR-5 of Ay 2019-20 u/s 44-AD by showing 6% Net Profit against net sales receipts as on 31-03-2019.

CMA ALKESH PATEL

CMA ALKESH PATEL (Expert)
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26 July 2019 WHAT IS YOUR QUERY ?

TARIQUE RIZVI

TARIQUE RIZVI (Querist)
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26 July 2019 Can we file the said return u/s 44-AD in ITR-5 ? Is there any provision of 44-AD in ITR-5 ? What are the precautions to be taken while filing u/s 44-AD in ITR-5 ?

CMA ALKESH PATEL

CMA ALKESH PATEL (Expert)
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26 July 2019 YES YOU CAN FILE ITR 5 FOR PRESUMPTIVE INCOME SEC 44AD

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