Traderniftybull sir ,
1) are you sure that the total income of 2.5 lakhs is before any deductions ?
2) can I opt for presumptive scheme as I have not done any equity trading ?
Thank you sir
1) are you sure that the total income of 2.5 lakhs is before any deductions ?
2) can I opt for presumptive scheme as I have not done any equity trading ?
Thank you sir
2. You can choose for presumptive scheme. But I have read in replies of CANikhil bro, that if you choose for it then you can not opt out of it for some years, perhaps it is 5 or 6. Not sure. You may check for it.
Bhai, I am also a trader like you and not a CA or tax expert, so can reply only clear questions (that have no if and but implications).