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Sec 44ad

Tax queries 387 views 8 replies

HELLO....MY AGRICULTURE INCOME MORE THAN RS.5000 p.a can i opt presumtive income scheme under section 44AD???

Replies (8)

Agriculture Income is exempted in Income tax u/s 10(1). No need to select presumptive sec.

I HAVE AGRICULTURE INCOME MORE THAN RS.5000P.A AND ALSO I AHVE BUSINESS INCOME300000 THEN I OPT SECT.44AD....THAT MY Q

What is the nature of Business...?
retailer
yes you opt presumptive
it depends on your sales during the year,
if less than 2crores then sure u can opt

GM.....

Diamond trading & brokering business

DIAMOND TRADING & BROKERING


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