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 as per Sec.139 the assessee can avail the faciilty that is availaible in Sec 44Af of Income Tac Act,1961

08 December 2008 Yes.


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