Can we file laundry service return in presumtive income basis under 44AD

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Become CA
76 Points Posted on 09 October 2020
can we file laundry service return in presumtive income basis under 44AD??
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On 09 October 2020 at 17:04 Report
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This discussion clarifies whether a laundry service business can file its tax returns on a presumptive income basis using Section 44AD of the Income Tax Act. The consensus is that it is indeed possible to file under this scheme, particularly when using ITR 4 for reporting business income.

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Tax consultant
5895 Points Posted on 09 October 2020
ITR 4 in business income
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On 09 October 2020 at 17:30
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student
76 Points Posted on 09 October 2020
Ofcourse we can.
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On 09 October 2020 at 23:57
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Tax and Business Consultant
11616 Points Posted on 11 October 2020
Yes, you can......
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On 11 October 2020 at 06:13

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