Hello
I have lets say 2 crore of FnO turnover and Total income of 40 Lakhs. which is 20 percent of turnover. Now Can I show 6 percent income as Presumptive income per 44 AD?
If I use 44AD, which means I have to show 12 lakhs as my income from business. right?
M N Rao & Associates LLP
Vijayawada
CA Inter
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Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Final
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