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Is Presumptive Taxation limit 10 crores ?
Replies (27)
Is Presumptive Taxation limit 10 crores ?
Only if cash transactions are less than 5%
If all transactions are by online modes then 10 crores is the limit for 44AD & 44ADA ?
Only for 44AD
How much is 44ADA turnover limit if all transactions are by online mode ?
For that it is 50 lakhs only
Is there any possibility for reduction of 50% profit to lower levels like 30% , 20% since many startup professionals going through losses or less than 50% profits but don't want to go for Audit
No possibility you have to get your account audited only
Will a start up makes 50% profits ?
Is it reasonable?
Is it reasonable?
Even if not you have to declare u/s 44ADA
Minimum 50% ?
Yes.... minimum 50%
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