If any individual having a Turnover of RS.55lakhs from the wholesale business and Gross total income is under 250000 i.e. below 8%
Can He File ITR without Tax audit by showing Net profit approx 4-5% ?
Yes, unless no other income from other heads of income, and not opted presumptive assessment in previous year.....
Yes, as per sub-sec. 44AD(4) & (5) of IT act...
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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