44ad tax audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 August 2018
IF ASSESSEE HAVING TURNOVER OF 90 LAKHS IN F.Y.2016-17 GOT AUDITED U/S 44AD AND NOW IN F.Y.2017-18 HE WANTS TO TAKE BENEFIT OF PRESUMPTIVE TAXATION AND WANTS TO DECLARE PROFIT @8% CAN HE ABLE TO DO SO?
14 August 2018
Yes, he can opt for benefit of Presumptive Taxation and able to declare profit @8% for FY 2017-18.
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