presumptive tax
Pratik Bajoria (23 Points)
23 July 2018
Can a person file return under presumptive Taxation after the due date .
7 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195637 Points)
Replied 23 July 2018
Yes, but with liable penalty u/s. 234F ... (for AY 2018-19)....
Pratik Bajoria
(23 Points)
Replied 23 July 2018
But the tax payer is eligible to take presumptive Taxation scheme after due date with penalty ....
RAJA P M
("Do the Right Thing...!!!")
(128111 Points)
Replied 23 July 2018
Yes... Taxpayers can file ITR for AY 18-19 Upto 31st March 2019 .
If file from 1st August then sec 234F is levied as per his income.
If file from 1st August then sec 234F is levied as per his income.
Pratik Bajoria
(23 Points)
Replied 24 July 2018
Person opting for presumptive Taxation having turnover less than 2 cr has to go for tax audit u/s 44ab ??
RAJA P M
("Do the Right Thing...!!!")
(128111 Points)
Replied 24 July 2018
If eligible business and he will show profit as per sec then no need Tax Audit...
RAJA P M
("Do the Right Thing...!!!")
(128111 Points)
Replied 24 July 2018
Yes... Eligible*** they Avail the sec.
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