Presumptive apply or not
This query is : Resolved
05 July 2018
1) One of my friend is providing wiring/electrician service to customers on individual basis. Does he can file A.Y. 2018-19 tax return on Presumptive basis under Profession (50% profit)?
If yes, then whether "Technical service" criteria requires any degree on hand or all technical services can be included under this criteria.?
2) His wife is engaged in Beauty Parlor service, so does she can file tax return on Presumptive basis, if yes then as profession (50%) or business(8%)?
Thanks in advance.
If yes, then whether "Technical service" criteria requires any degree on hand or all technical services can be included under this criteria.?
2) His wife is engaged in Beauty Parlor service, so does she can file tax return on Presumptive basis, if yes then as profession (50%) or business(8%)?
Thanks in advance.
05 July 2018
50% eligibility is only for those profession mentioned in 44AA(1).
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