section 44AD


Student CA IPC / IPCC

if I prepare PL account and BS showing profit from business 10% of turnover ...then it shall be treated as presumptive taxation?
 
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No. Unless you fill data under no account case; it is treated as normal assessment.


Total likes : 2 times

 
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Either you use ITR-4 or mention in No account case in ITR-3
 
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Student CA IPC / IPCC

ok thank you
 
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