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Turnover for presumptive basis profit

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(Querist)
11 July 2020 Whether service tax included in turnover to calculate profit on presumptive basis
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PAWAN KUMAR

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PAWAN KUMAR (Expert)
12 July 2020 Yes service tax will be includible as per section 44BB of the income tax act as per my view.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
05 November 2021 Presumptive assessment is based on total receipts by assessee in previous year.




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