Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Deepthinker   24 June 2021

Presumptive Taxation General

If Turnover is less than 1 Cr then presumptive Taxation is mandatory ??
And if yes then by doing audit we can declare income less than presumptive Taxation income???

 1 Replies

CMA Poornima Madhava

CMA Poornima Madhava (CMA)     24 June 2021

1) Presumptive taxation scheme is not mandatory.

2) If opted, you may show less than minimum profit if books are audited.



Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Start a New Discussion

Popular Discussion

view more »

Subscribe to the latest topics :
Search Forum:

Trending Tags