Switching from Normal Books of Accounts to Presumptive taxation

Vivek Garg (102 Points)

22 November 2022  
Kindly guide me whether an assessee who maintains proper books of maintained having turnover less than 1cr can switch to presumptive taxation without any consequences. As one of my colleagues said that tax audit is required if you want to switch from normal books of accounts to presumptive taxation. So kindly provide me proper guidance