AVAILABILITY OF NEW TAX REGIME FOR BUSINESS U/S 44AD
This query is : Resolved
27 August 2022
Dear All,
Can i avail benefit of new tax regime u/s 115BAC while I am declaring business income u/s 44AD?
Thanks
Nirmal
Can i avail benefit of new tax regime u/s 115BAC while I am declaring business income u/s 44AD?
Thanks
Nirmal
27 August 2022
Yes, new regime can be opted along with presumptive assessment u/s. 44AD.
But the change of regime is not allowed after 30th July.
But the change of regime is not allowed after 30th July.
29 August 2022
Thank You for your valuable reply.
29 August 2022
Most Welcome ..
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