Presumptive Taxation Scheme for lawyer
This query is : Resolved
13 September 2023
Hi, I am a lawyer with 25 lacs income mostly in cash. Can I opt for presumptive taxation and which section will apply?
Will there be any issue considering my incomes are mostly in cash?
When is gst registration required, if applicable
Will there be any impact if I also have income under other heads?
Will there be any issue considering my incomes are mostly in cash?
When is gst registration required, if applicable
Will there be any impact if I also have income under other heads?
13 September 2023
1 yes opt under section 44ADA.
2 No issue but you should not receive cash 2 lacs and above from a single person.
3 GST registration not required.
4 No impact disclose it in other heads and file ITR.
2 No issue but you should not receive cash 2 lacs and above from a single person.
3 GST registration not required.
4 No impact disclose it in other heads and file ITR.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- Itr 1 processing
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR returnFY25-26
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
