Return of presumptive income
This query is : Resolved
15 July 2014
Hello everyone....
Last year, i had filed ROI on presumptive basis
i-e i have a small business of bag mfg and also,
income from house property....
this year, i have close down the business after a few months of operatin...
i need advise regarding....
1. under which form should i file ROI?
2. Is it appropriate to file ROI on presumptive basis?
almost all transactions are held in cash...
3. Will there be any problem in case of any assessment?
Nikhil Kaushik
(Expert)
15 July 2014
you can still file under presumptive taxation...
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