One of my client has filed return 44AD for AY 19-20 how ever for AY 20-21 turnover is expected to be approx 1.7cr and he doesn't wishes to show follow the presumptive 8% of profit he wish to show net profit below 8% please advice....
One of my client has filed return 44AD for AY 19-20 how ever for AY 20-21 turnover is expected to be approx 1.7cr and he doesn't wishes to show follow the presumptive 8% of profit he wish to show net profit below 8% please advice....
yea but according to presumption rule if a person has opted for the same he should continue presumption filing for continous period of consecutive 5years in that case will his 19 20 be invalidated??
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