What tax rate should a person pay, if his only source of income speculative business if so how effectively avoid such by?
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Speculative business income
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What sort of speculative income it is? Generally all such business incomes are assessed under head PGBP. Whenever it exceeds basic limit, its taxed at slab rate. If exceeds threshold limit or profits declared less then 8%, audit u/s. 44AB is to be carried out.
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