presumptive income

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Querist : Anonymous (Querist)
12 July 2011 for which businesses Presumptive income @ 8 % of turnover or gross receipt is applied? whether it would apply to sub -broker & real estate broker?

13 July 2011 Presumptive Income can be for any kind of business, subject to Gross receipt / Sales should not be more then 60 lakhs in the Fiancial Year

Regards
CA Gopal Shah



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