Deduction in Presumptive Business
Zeeshan Haris (74 Points)
11 February 2023
Is there any income tax deduction available for Presumptive Taxation Businesses in the New Tax Regime?
Zeeshan Haris (74 Points)
11 February 2023
Ayush
(Executive )
(6332 Points)
Replied 11 February 2023
For businesses engaged in non-digital transactions, the presumptive profit rate is 8% of the total turnover or gross receipts. For businesses engaged in digital transactions, the presumptive profit rate is 6% of the total turnover or gross receipts.
Eswar Reddy S
(CFO- at NHTF)
(58263 Points)
Replied 11 February 2023
sabyasachi mukherjee
(27107 Points)
Replied 12 February 2023
Eswar Reddy S
(CFO- at NHTF)
(58263 Points)
Replied 12 February 2023
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