whether u/s 44ad applicable for jewellery business having t/o below 2 crores?
thanks...
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Presumptiv income u/s 44ad
Replies (6)
Yes they can opt
Yes if turnover is less than 2 crores rupees then you can opt for presumptive taxation
yes if they involved in trading then can claim u/s44AD.
Yes can opt 44AD
Yes but cash transaction should be less than 5 percentage
Yes 44AD is applicable
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