Presumptive Taxation scheme applicability
This query is : Resolved
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04 February 2022
Dear Sir,
One of my client is into Business of testing of metals and minerals and his tds gets deducted under Section 194C and 194J. His return is filed as an individual and he is registered under GST.
Can he file his Income tax return under Presumptive Taxation scheme under Section 44AD instead of maintaing books of accounts.
Please help me in this matter.
Regards,
Divyesh Jain
One of my client is into Business of testing of metals and minerals and his tds gets deducted under Section 194C and 194J. His return is filed as an individual and he is registered under GST.
Can he file his Income tax return under Presumptive Taxation scheme under Section 44AD instead of maintaing books of accounts.
Please help me in this matter.
Regards,
Divyesh Jain
04 February 2022
Yes, 44AD can be opted.
04 February 2022
Ok, Thanks for your reply
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