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can a service provider opt for the presumptive income scheme

Others 995 views 3 replies

Manjunath K

141 Points Posted on 31 August 2019

Dear All,

We are doing service providing businesses, hence can can we go for presumptive income scheme.

Replies (3)

Kapadia Pravin

17264 Points Posted on 31 August 2019

Yes sure - you can opt for 44AD (presumptive income) upto a turnover of 2 crore.

Pranav Aggarwal

525 Points Posted on 31 August 2019

if it is your business u can go 44AD
if it is your profession go 44 ADA

Shivam RC

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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