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Presumpative income 6% and 8%

Vijay Baraiya (Advocate) (271 Points)

23 July 2018

If my 90% receipt is through banking and 10% receipt in Cash. Can i claim presumpative income 6% for 90% receipt and 8% for 10% receipt?

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Saifullah Khalid (Autodidact/Curious ) (633 Points)
Replied 23 July 2018

Originally posted by : Vijay Baraiya
	If my 90% receipt is through banking and 10% receipt in Cash. Can i claim presumpative income 6% for 90% receipt and 8% for 10% receipt?

YES ....banking/electronics mode bussiness receipts are eligible for 6 % (OR higher) rate of presumptive taxation and cash mode receipts for 8% (OR higher) .