Dear Experts,
An individual trader is liable to maintain books of accounts as per section 44AA(2) if his turnover or profit exceeds the prescribed limit. If he is liable to maintain so, can he furnish his return of income through ITR-4?
Menu
Can an individual liable to maintain accounts opt for Presumptive Taxation?
Replies (3)
Unless provision of subsection (4) section 44AD, applicable; and if he is eligible assessee as per section 44AD; he can take advantage of presumptive assessment u/s. 44AD
If the trader is opted for presumptive taxation u/s 44AD then he can file ITR 4
In protest against ADMIN for its discriminatory behavior among different members, I leave the portal permanently. Good Bye.
Recent Threads
- Schedule SI is not showing correct tax calculation
- ITR2 AY25-26 new taxregime for salaried employee
- Error mesage in ITR3
- Gst in Turnover
- GST Tax invoice Govt.agency
- CAN ICAI EXAMINER'S REMUNERATION BE TAXED U/S 44AD
- Applicability of IGST or CGST/SGST
- Form 26AS Glitch
- Credit counseling services
- Tax clarification on rental income
Related Threads
CAclubindia
