Presumptive income

Yes..... you can

Thank you Sir for your reply. Have a further doubt. In future years if I make profits more than 8percent will I still have to file under presumptive tax scheme or can show more. I read the section for presumptive tax which specifies that for next five years I would have to continue under presumptive tax scheme. I am a bit confused

Even under presumptive scheme you can declare profit more than 8%, no restriction on upper side.........