Alpha & Co. is a proprietary concern owned by Vimala. The total turnover for the year 2019-20 is X 52 lakhs which includes proceeds realized through banking channel ₹ 12 lakhs. The presumptive income under section 44AD would be –
A. ₹ 4,16,000
B. ₹ 2,60,000
C. ₹ 3,92,000
D. ₹ 5,20,000
Answer:C
Alpha & Co. is a proprietary concern owned by Vimala. The total turnover for the year 2019-20 is X 52 lakhs which includes proceeds realized through banking channel ₹ 12 lakhs. The presumptive income under section 44AD would be –
A. ₹ 4,16,000 B. ₹ 2,60,000 C. ₹ 3,92,000 D. ₹ 5,20,000