Dear Sir/Ma'am
A professional who was under tax audit in the F.Y 15-16 and in the F.Y 16-17 his turnover dosent't excee 50L .Can he opt for Presumptive Basis under section 44ADA.
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Income tax return query
Replies (1)
Yes as turnover does not exceed 50 lakhs in P.Y. 16-17
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