presumptive
This query is : Resolved
30 September 2017
can we file under presumptive basis even though last year books where maintained
Amol S Joglekar
(Expert)
30 September 2017
yes, you can do so....
Amol S Joglekar
(Expert)
01 October 2017
income tax does NOT restrict you to maintain books of accounts.......
presumptive section says that income tax department may NOT ask for the books of accounts.
Try to understand the underlying meaning in the section.
presumptive section says that income tax department may NOT ask for the books of accounts.
Try to understand the underlying meaning in the section.
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