19 March 2023
hi friends
we have partnership firm, in FY 18-19 we opted for presumptive income and next year's onwards we are filling normal tax return and not filling under presumptive tax return
we are planning to file this year under presumptive income
our doubt can we opt for presumptive income or not we heard that can't file under presumptive for 5 years due to miss out
please clarify us, thanks for your support
we have partnership firm, in FY 18-19 we opted for presumptive income and next year's onwards we are filling normal tax return and not filling under presumptive tax return
we are planning to file this year under presumptive income
our doubt can we opt for presumptive income or not we heard that can't file under presumptive for 5 years due to miss out
CAclubindia
