Presumptive taxation scheme u/s 44ad
This query is : Resolved
DIVYESH JAIN
(Querist)
07 August 2019
Dear Sir,
I am filing an Income tax return of my client who carries on business of Recruitment of staff on contract basis. The salary payments to staff are done by my client's bank account only. Can I file this return U/s. 44AD since my net profit is less than 8% of Gross turnover. I am filing this return as an Individual assessee and turnover is 15 lacs p.a.
Please advise.
Regards,
Divyesh Jain
I am filing an Income tax return of my client who carries on business of Recruitment of staff on contract basis. The salary payments to staff are done by my client's bank account only. Can I file this return U/s. 44AD since my net profit is less than 8% of Gross turnover. I am filing this return as an Individual assessee and turnover is 15 lacs p.a.
Please advise.
Regards,
Divyesh Jain
CA R SEETHARAMAN
(Expert)
08 August 2019
Yes you can file ITR u/s 44AD.
DIVYESH JAIN
(Querist)
08 August 2019
Thanks you sir for the reply
CA R SEETHARAMAN
(Expert)
08 August 2019
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