Presumtive income with capital in ITR3
This query is : Resolved
09 July 2022
Hi Everybody!
i hv a Q that if a resident individual having a micro business with A.Y Turn over appx 15L and income from business less than 1.5L and invest in equity then can he opt presumptive income under column 61 and can opt 44AA for being a small tax payer which is not listed in 44aa(i)
RK
Delhi
i hv a Q that if a resident individual having a micro business with A.Y Turn over appx 15L and income from business less than 1.5L and invest in equity then can he opt presumptive income under column 61 and can opt 44AA for being a small tax payer which is not listed in 44aa(i)
RK
Delhi
09 July 2022
Yes, he can declare the business income u/s. 44AD, whenever eligible.
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