44 cash Options
44 cash Options
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Under Portion 44AD of presumptive taxation, compact taxpayers with below Rs two crore of turnover are usually not demanded to maintain books of accounts and their earnings are presumed for being 8% in their turnover.
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Nevertheless, to offer relief to little taxpayers through the monotonous task of maintaining textbooks of account here and receiving them audited, income tax regulation has launched the principle of presumptive taxation plan.