Income tax

This discussion explores income tax implications for traders with multiple business names and significant turnover. It specifically addresses whether to opt for Section 44AD presumptive tax or a full tax audit, considering digital and cash sales. The query focuses on the correct tax declaration for the assessment year 2019-20, weighing the 6% digital sales rate against the 8% cash sales rate under 44AD, or if a tax audit is mandatory due to exceeding turnover thresholds.