44AD for AY 21-22

348 views
User Avatar

Student
252 Points Posted on 18 November 2021
In Financial Year 2020-2021 turnover is 2.5Crores, can I opt for 44AD?
0 Reply Share Follow
On 18 November 2021 at 06:57 Report
Replies (3)
Quick Summary
For the financial year 2020-2021, if your turnover was 2.5 Crores, you cannot opt for presumptive taxation scheme 44AD. The scheme has a turnover limit of 2 Crores rupees, which your turnover exceeded. Therefore, you are not eligible for 44AD.

User Avatar

SEO Sai Gr. Hosp.
212572 Points Posted on 18 November 2021

NO.

TURNOVER ABOVE THE LIMIT.

Reply
On 18 November 2021 at 09:06
User Avatar

Chartered Accountant
24588 Points Posted on 18 November 2021
No turnover exceeds 2 crores rupees
Reply
On 18 November 2021 at 09:13
User Avatar

299 Points Posted on 18 November 2021
No, you can not opt 44AD
1 Reply
On 18 November 2021 at 12:05

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. APPLICABILITY AND BREAKDOWN OF GST COMPLIANCE ON S
  2. Advance for supply of goods
  3. Question for members: how do you manage client doc
  4. Clarification Required on Invoicing and Receipt of
  5. SEBI Registered VS NSDL Registered RTA
  6. Income tax or capital gain tax for Resident Indivi
  7. PCIT-1 Thane Email address
  8. CA Fees deduction for non audit case allowed?
  9. 5th Letter PAN Mismatch with Surname issues still
  10. Criteria to hire an article

More recent discussions | Post

Related Topics :

Loading