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.
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.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
