Shifting from normal to presumptive
This query is : Resolved
ANIMESH PANDEY
(Querist)
14 March 2018
Dear Sir,
Is it possible for someone to shift from normal taxpayer ( taxpayer who maintain proper books of accounts and filed return so far in this manner) to presumptive this year. Actually a taxpayer who was filing ITR and mainting proper books of account and filing ITR-4 . Now he wishes to file ITR under presumptive scheme (Sahaj).
Can he do this?
would there be any future problem?
Is it possible for someone to shift from normal taxpayer ( taxpayer who maintain proper books of accounts and filed return so far in this manner) to presumptive this year. Actually a taxpayer who was filing ITR and mainting proper books of account and filing ITR-4 . Now he wishes to file ITR under presumptive scheme (Sahaj).
Can he do this?
would there be any future problem?
Nikhil Kaushik
(Expert)
14 March 2018
it is possible. But please do read section 44AD(4) before changing this tax position.
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