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Presumptive taxation scheme allows the taxpayers declare their taxable revenue at a prescribed price irrespective of precise gain/gains and subsequently relieves them through the stress of keeping typical textbooks of account and getting the exact audited.
Both the calculation to get made to the interval throughout which the goods carriage is owned from the taxpayer
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Portion 44ADA was released to increase the scheme of simplified presumptive taxation to specified industry experts. Earlier, the presumptive scheme of tax was accessible only to small businesses.
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