Respected all professionals,
Pls give suggestion if a assessee file return of 16-17 in presumptive income profit more than 8% , in 17-18 have capital gain from share file itr3 with business profit more than 8%, can he eligible for again file in prusmptive income for 18-19 ? in this year no capital gain pls advise
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Prusmptive to regular opt out
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No. once regular scheme is opted instead of 44AD(8%), It has to continue for the next 5 years.
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