Basic concepts

Direct Taxation

What is presumptive taxation scheme is ?

GOKULA LAKSHMI

CA Final

★ 21K+

08-May-21 09:53

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Answers (1)

Best Answer

This is a facility where the tax payer pays tax at lower rates (8% or 6%) on his total turnover. You will have an elaborative discussion when you come to the chapter "Profits and Gains of Business and Profession"

Yoga Vishnu

CA Final

★ 11K+

08-May-21 11:08