Sec 44ad



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

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

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

 
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(TAX CONSULTANTS - AUDITORS)

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

Diamond trading & brokering business

 
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DIAMOND TRADING & BROKERING

 
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