Presumptive Taxation General
Deepthinker (33 Points)
24 June 2021And if yes then by doing audit we can declare income less than presumptive Taxation income???
Deepthinker (33 Points)
24 June 2021
CMA Poornima Madhava
(CMA)
(13097 Points)
Replied 24 June 2021
1) Presumptive taxation scheme is not mandatory.
2) If opted, you may show less than minimum profit if books are audited.
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