can a builder go for presumptive scheme

[MOHDYUNUS ANSARI]

BUILDER HAVING TURNOVER OF RS.2.5 CRORE GO FOR PRESUMPTIVE SCHEME

AI Summary

Builder Ineligible for Presumptive Tax Scheme Due to Turnover Exceeding 2 Crore Limit Under Section 44AD. A builder with a turnover of 2.5 crore inquired about the eligibility to opt for the presumptive tax scheme. The response indicated that the presumptive tax scheme is not applicable to businesses with a turnover exceeding 2 crore.