In Financial Year 2020-2021 turnover is 2.5Crores, can I opt for 44AD?
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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.