Sir,
It is found that in presumptive scheme of IT for business income, the taxable income is 8% of total turn over but is it possible to take the taxable income at 10% or like that? or is it compulsory to take at a rate of 8%?
please reply experts.
Thanks and Regards
Menu
PRESUMPTIVE SCHEME IN IT
Replies (5)
8% is minimum limit.........
you can declare it 10% or more or as per actual availed.......
Many of our clients declare 25 to 45 %.....
Yes... I Agreed to Mr. Dhirajlal Rambhia Sir.,
Yes... You can Show 8% and Above.
Thanks a lot experts...it's so nice your replies are always very helpful to us.
Its Our Pleasure..........
You are Most welcome Mr. Abi Raj...
Recent Topic
- ITR form query
- Credit against paud RCM on rent
- Dividend difference in 26AS, AIS, TIS
- 194JB INCOME
- Filing ITR3 where income under section 44AD with L
- What is superannuation fund
- GST Refund of input services under Inverted Duty S
- Dividend Reporting
- Real operational bottlenecks after firms use Tally
- Purchase return under gst
Related Topics
CAclubindia
