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can a service provider opt for the presumptive income scheme

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141 Points Posted on 31 August 2019
Dear All,

We are doing service providing businesses, hence can can we go for presumptive income scheme.
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On 31 August 2019 at 20:01 Report
Replies (3)
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17264 Points Posted on 31 August 2019
Yes sure - you can opt for 44AD (presumptive income) upto a turnover of 2 crore.
101 Reply
On 31 August 2019 at 20:45
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525 Points Posted on 31 August 2019
if it is your business u can go 44AD
if it is your profession go 44 ADA
2 Reply
On 31 August 2019 at 21:00
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Student
23688 Points Posted on 31 August 2019
Yes you can go for PRESUMPTIVE TAXATION SCHEME. Opt for Section 44AD of the Income Tax Act 1961.
97 Reply
On 31 August 2019 at 22:34


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