PY 2023-24

TO 15,000,000 General 8%
Digital 6%
1 Phase 3/31/2024 FY 2023-24
Cash 500,000
Non-Cash 7,500,000

2 Phase 1/4/24 to 31/7/24 Before filing return

Cash 400,000
Non-Cash 4,500,000

O/S Outstanding 2,100,000

6% Non-cash 12,000,000 720,000

8% Cash 3,000,000 240,000

960,000
Income 29,850,000
Cash 1,400,000 4.69%
Non-Cash 28,450,000

Cash receipts does not exceed 5% and hence the turnovr limit u/s 44AD shall be Rs.3 Crores.
Considering Mr. Praveen's TO is less than Rs.3 Crores, he shall continue to opt presumptive taxation u/s 44AD

Income u/s 44AD shall be coomputed as 8% on cash receipts and 6% on non-cash receipts
Cash 112,000
Non-cash 1,707,000
1,819,000

If 44AD is not opted for 5 subsequent assessment years, then Mr. Praveen cannot adopt provisions of sec. 44AD for 5 subsequ

5 SAY 2023-24 0 5 SAY 2024-25 0

2024-25 1 2025-26 1
2025-26 2 2026-27 2
2026-27 3 2027-28 3
2027-28 4 2028-29 4
2028-29 5 2029-30 5

Due Dates
44AD 7/31/2024
44AD 10/31/2024
of sec. 44AD for 5 subsequent assessment years