if return is not filled on due date whether 44AF availed
This query is : Resolved
08 December 2008
One of our client retail trade business .having turnover of less than Rs.40,00,000/- but he could not file his return before due date can he get presumption of 5% of turnover in this case.
08 December 2008
Yes.
Kapil Arora
(Expert)
08 December 2008
Yes as per Sec.139 the assessee can avail the faciilty that is availaible in Sec 44Af of Income Tac Act,1961
CA Tilak Raj Sharma
(Expert)
08 December 2008
Yes.
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