44AD and captial receipt


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When calculating your turnover for presumptive taxation under Section 44AD, you should exclude capital receipts. These are typically gains from the sale of fixed assets and are taxed separately under capital gains, not as part of your regular business income.

30 March 2021 while calculating the 6% of amount received in bank whether capital receipt is included?
eg.sale of fixed asset received in bank account

30 March 2021 Exclude capital receipt.

30 March 2021 Exclude capital receipt as it will be consider under income from capital gain calculation not in business
income


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