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.
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