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Can we choose presumptive taxation for FY 2020-21 when previous 4 years were under tax audit.
can we choose presumptive taxation for FY 2020-21 when previous 4 years were under tax audit. 2020-21 turnover is less than 50 lakhs.
Replies (4)
DO YOU MEAN TO SAY PRESUMPTIVE ASSESSMENT U/S. 44ADA?
YES, IF U/S. 44ADA OF IT ACT......
Yes you can go for presumptive taxation
Presumptive taxation is not there.
However, there are certain instances where an assesse can choose itr 3
However, there are certain instances where an assesse can choose itr 3
Yes but you have to file return under presumptive basis for next 5 years including this year also.
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