Presumptive tax features under 44ad scheme
This query is : Resolved
Veereshb B Bagalkot
(Querist)
28 August 2019
1.Is Presumptive Tax features under 44AD Scheme is applicable for Hoarding business.
2. For business of 13.5 lakh business maintain the books of accounts is mandatory
3.For a proprietorship firm filing of Income Tax self and proprietorship is required..?
2. For business of 13.5 lakh business maintain the books of accounts is mandatory
3.For a proprietorship firm filing of Income Tax self and proprietorship is required..?
CA R SEETHARAMAN
(Expert)
29 August 2019
1 Yes,
2 Not mandatory if it;s turnover.
3 Yes Prop firm and self one and the same
2 Not mandatory if it;s turnover.
3 Yes Prop firm and self one and the same
Amol S Joglekar
(Expert)
29 August 2019
01. Yes.
02. Books of accounts not mandatory
03. proprietor and proprietor firm are one and same.
02. Books of accounts not mandatory
03. proprietor and proprietor firm are one and same.
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