presumptive income

No, Not possible. Presumptive Taxation is always turnover based and one has to check turnover on year to year basis.

Therefore, Turnover in the year concerned will be the guiding factor for the same.

 

No, Not possible. Presumptive Taxation is always turnover based and one has to check turnover on year to year basis.

Therefore, Turnover in the year concerned will be the guiding factor for the same.

 

Toh ye beneficial kse ho skta h Kyn ki agr maan lo ek saath 2 crore se upr T/O gyi chli toh agle 5 saal tk toh assesse presumptive ka benefit b ni pe skta

Yes This is the loophole in the act.

anurag lohia

mera ek or doubt thaa

practical title h. wo. uska b ans bta doo

But it is clarified that in the case turnover exceed Rs. 2,00,00,000 Opting out is out done.
And Section 44 AD can be opted by assesse in subsequent year.
Logic:
As Condition of 5 year bar is applicable if Assessee opts out for presumptive taxation, here section itself is not applicable and no opting out is made on behalf of the assessee.

Hope this will meet your requirement.
Regards.

thnkuu

anurag lohia

mne ek or ques dhaala hua h

uska ans b btadoo

title- practical k naam se h