Hello Sir/ma'am
Assessee having Turnover 1050000 consisting two business (Tuition income and cab income). In PY 2018-19, he filled ITR 3( Income amounting 420000) and maintened books and account. Now he estimate that his turnover around 1200000 in PY 2019-20.
So can he go for the presumptive scheme (section 44AD) for PY 2019-20?
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section 44AD
Replies (4)
Can go for 44AD
@ Mr Vinod Kumar.,
So can he go for the presumptive scheme (section 44AD) for PY 2019-20?
Are You ask with Tuition Income....??
So can he go for the presumptive scheme (section 44AD) for PY 2019-20?
Are You ask with Tuition Income....??
For both business, Sir
Yes you can go for PTS under Section 44AD of the Income Tax Act 1961.
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