HELLO....MY AGRICULTURE INCOME MORE THAN RS.5000 p.a can i opt presumtive income scheme under section 44AD???
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Sec 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
if less than 2crores then sure u can opt
GM.....
Diamond trading & brokering business
DIAMOND TRADING & BROKERING
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