Mandatory Compliances Services
Professionals With Revenue Above 50 Lakhs
The benefit of presumptive which was earlier available to specified business has now been extended to professionals. Professionals whose total tax receipts do not exceed Rs. 50 Lakhs in a financial year can claim benefits of this section from financial year 2016-17 onwards.
The income of any person making use of this section would be assumed to be 50% of the total gross receipts of the whole year. The following are considered as professionals who can make use of this section
- Architectural profession
- Profession of accountancy
- Technical consultancy
- Interior decoration
Why avail Bizpole Services
Bizpole is a leading ITR consulting services platform in India. Our experts can help simplify your Income Tax returns filing with the IT department. We handle Income Tax compliances with authorities and advisory services for all categories.Our charges are only a fraction of the price charged by offline chartered accountants making it cost effective for your business.
- Get a free consultation from our experts
- All India online service available from Biz pole.
- Expert counselling at each step
- All services available at a single point
- Filing In 12 Hours
- Complete Online Assistance
The scheme is applicable only to resident Individuals, HUFs and partnership firms but not a limited liability partnership firms