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44ad presumptive

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25 Points Posted on 20 December 2018
Sir last year me filled in 44ad for these year don't want to take presumptive basis... Can i show less than 6% income now by filling itr3
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On 20 December 2018 at 16:30 Report
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Final Student of ICAI
1764 Points Posted on 20 December 2018
Yes but for next 5 years you must get your books audited under section 44AB. You can't come back to 44AD for next 5 years if you opt for audit.
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On 20 December 2018 at 16:42
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Nil
2791 Points Posted on 20 December 2018

If your profit (Business) less than 8 % you must conduct a Tax audit 

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On 20 December 2018 at 16:48
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Nil
2791 Points Posted on 20 December 2018

If your profit (Business) less than 8 % you must conduct a Tax audit         

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On 20 December 2018 at 16:48


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