Question ID :
38215
Presumptive taxation for a firm
If a partnership firm (not a LLP) is filing its ITR for the first time. Its total income as per BOA is Rs 10L and the profit, if opt for presumptive taxation comes out to be Rs 2L... Whether the firm should go for presumptive taxation or not...???
posted by
CA Neha Gupta
on
Jun 18 2019 12:00AM