Question ID :
40811
Opting for Presumptive Taxation
A person is getting his accounts audited under Tax Audit for Financial yr 2017-18 and 2018-19. Can he choose to opt for Presumptive Taxation this Financial year 2019-20 .
Posted by
Mahesh Kumar
on
Sep 01, 2020
Filed Under
DIRECT TAXES
Yes. But it should be opted continuously for next 5 years.
Posted by
CA. chunauti dholakia on
Sep 02, 2020