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
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17269 Points Posted on 31 August 2019
Yes sure - you can opt for 44AD (presumptive income) upto a turnover of 2 crore.
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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
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On 31 August 2019 at 21:00
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Student
23693 Points Posted on 31 August 2019
Yes you can go for PRESUMPTIVE TAXATION SCHEME. Opt for Section 44AD of the Income Tax Act 1961.
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On 31 August 2019 at 22:34

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