Saloon accounts

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Suraj (Querist)
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22 March 2016 how to prepare accounts of saloon which runs on cash basis? full books of accounts to be maintained or it can be done on presumtive basis.?

Suresh Ramaswamy

Suresh Ramaswamy (Expert)
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24 March 2016 The option to avail of presumptive taxation u/s 44 AD of Income Tax act 1961 is available.

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