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In normal assessment u/s 44aa can will show profit Rs.4.5lakhs?
Sir., in case any other Business (if eligible business) then can i move itr 4 (as per my query itr 4s ay 15-16, itr 4 16-17 & itr 3 17-18 now itr 4 AY 18-19?
Yes, you can opt in for presumptive assessment for any 'eligible business'; but keep locked in for 5 years.. (not advisable to opt out)
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In normal assessment u/s 44aa can will show profit Rs.4.5lakhs? |  |
Yes, no problem (just 25%)...
Thank you for the Replies Sir...
(not advisable to opt out)
If books having but not satisfied as cash expenses, Bank Deposit/Credits cant find out from which customer given that amounts. So,i fully confused...
No restriction for opting sec. 44AD, and is good for such contractor business, who do not maintain any records ....... so, easy to file ITR....... only when you opt out or go for normal assessment then only restriction applied. So, continue with presumptive......
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