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