presumptive tax

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Can a person file return under presumptive Taxation after the due date .
Replies (7)

Yes, but with liable penalty u/s. 234F ... (for AY 2018-19)....

But the tax payer is eligible to take presumptive Taxation scheme after due date with penalty ....
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.
Person opting for presumptive Taxation having turnover less than 2 cr has to go for tax audit u/s 44ab ??
If eligible business and he will show profit as per sec then no need Tax Audit...
Is property builder is eligible business .....
Yes... Eligible*** they Avail the sec.
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