presumtive taxation


This query is : Resolved 

(Querist)
10 December 2017 my client has business of giving facility to pick up and drop employees of companies in which company deducted tds 194c and paid 900000 so can i file return on presumtive basis and cliam deduction of expenses which is incurred for providing facility

RAJA P M (Expert)
10 December 2017 If you file the ITR under presumptive scheme then you ll be show profit 8 or 6 percentage...

Vivaan (Querist)
10 December 2017 can i claim exp. on earning 9 lac

RAJA P M (Expert)
11 December 2017 Yes... He can claim.
But, Profit will shown 8% or 6%* (all receipts from banking ways)


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