MSME Certified Income Tax Live Batch to commence from 21st January 2022. Limited Seats. Register Now!!


Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Presumtive income

Page no : 2

ashutosh bhardwaj (Law) (43 Points)
Replied 17 July 2011


Originally posted by : hiren gala
But Can't we File the Retail business Income inocme under 44AF showing only  5% of Turnover rather then go with 44AD as an 8% of Turn over & to show income as presumtive income

Gdm Dear hiren gala

According to Sec. 44AF(6)  section 44AF shall not apply to any AY begnning on or after 1.4.2011.

It is only 44AD now for presumptive basis for ITR........... 

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Subscribe to the latest topics :

Search Forum: