What is the parasumptive scheme and what are its benefits
How to file income tax return without books of accounts
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Presumptive income
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Various benefits if you file return under presumptive income
No need of Books of accounts
Pay Tax as per declare profit at prescribed rate or more
No need of Books of accounts
Pay Tax as per declare profit at prescribed rate or more
You need to have books of accounts provided your turnover is above a pescribed limit.
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