clarify for presumptive tax
surendra jain (91 Points)
24 July 2018
if digital turnover is 60lakh and cash turnover is 10lakh then how to calculate presumptive tax
2 Replies
gopi nadh
(student)
(35 Points)
Replied 24 July 2018
digital turnover tax rate would be 8%,in case of cash tax rate would be 6%..
6000000*8%=480000
1000000*6%=60000
6000000*8%=480000
1000000*6%=60000
vinod lohar
(37 Points)
Replied 24 July 2018
the calculation of Mr Gopinath is wrong tax will be calculated as follows
60,00,000 *6%=3,60,000
10,00,000*8%=80,000
60,00,000 *6%=3,60,000
10,00,000*8%=80,000
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