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presumptive basis
can we file presumptive returns even though last year books where maintained
Replies (3)
yes u can in the case 44 ad
turnover not more than 2 cr and net profit should be 8%
but one thing ur profit should be justify ur investments and other expense
if talks of professioanl 50% is the slab
but better go with regular return
with balancesheet and profit and lost a/c
declaring 52% of the income of profession ..so i believe its not a problem..
Then you can go to presumptive taxation... Also you can claim any deductible amount in Cha VI-A...
GOOD LUCK...
GOOD LUCK...
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