Sec 44ad
This query is : Resolved
27 September 2017
My clint is in business of man power supply services , hid turnover is 1.30 corer , his all receipts is from bank Chanel only . now my question is that weather he can file return u/s 44ad by showing 6% profit with out audit the book of account .
Pushpak Lal
(Expert)
27 September 2017
Since the turnover doesnot exceed 2 crores , the assessee can opt for presumptive taxation.
Apply -
6% on receipts digitally
8% on cash receipts
to find out the total income on presumptive basis
Yes he can file return without audit of books of account
Apply -
6% on receipts digitally
8% on cash receipts
to find out the total income on presumptive basis
Yes he can file return without audit of books of account
27 September 2017
weather it mack some difference that an assess is an service provider of man power supply agency .
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