Presumptive taxation liabilities

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We charge 5 year's advance payment to our clients. Our total turnover of the company in the last year is around Rs. 30 lacs.


Is it possible to pay the taxes on 6% profit under section 44ad and show the remaining amount as liabilities in our ITR filing?

Replies (1)
Yes. You can do so .

Advance can't be considered as Income

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