Hi friends,
last 3 years I had filed tax audit due to my turnover more than 1 core
but this time my turnover is leads than 2 cores, so can I file my return this time as presumptive return
please help me on my query
thanks
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Tax audit or presumptive return
Replies (3)
Quick Summary
How much exactly your turnover
if it more than 1cr or between 80 lakh to 1cr
it's better to do audit
if it more than 1cr or between 80 lakh to 1cr
it's better to do audit
90 lakhs, can we do presumptive income, if I have to do presumptive return, I have to file anything, please suggest me
It's better to audit
Btw is 90 lakh after cash deposit and cash withdrawal transaction calculation means overall factors to consider to make the final turnover of a person or company if yes then in my opinion audit is better if you don't want to do then pressumetive is not for you file itr3
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