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Income Tax - Highlights / Catch Notes

Home Highlights October 2019 Year 2019 This

Addition u/s 68/69A - As per the scheme of presumptive taxation ...

Income Tax

October 10, 2019

Addition u/s 68/69A - As per the scheme of presumptive taxation provided u/s 44AF the estimated business income from aggregate cash deposits / turnover works by applying 5% thereon. The estimated income from the cash deposits in the bank is thus requires to be restricted to the aforesaid amount.

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