Taxation using Presumptive Income section 44AD

Karthick Panda (Instructional Designer) (21 Points)

04 October 2021  

My intraday turnover is 1.75 crore and actual profit as per P&L is 1.25 crore.
Can i file my ITR in 44AD in which i will show my presumptive profit @ 6% of 1.75 crore turnover = 10.50 lacs and pay income tax according to slab.