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Applicability of audit

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27 July 2013 A transport contractor having 6 trucks is having gross receipts of Rs.105.0 Lacs for the F.Y. 2011-12. Is he liable for the tax audit ?

My question here is Whether he can opt for Presumptive Taxation or not?
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CA UMESH DULAL

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CA UMESH DULAL (Expert)
27 July 2013 He can go for presumptive income if he has not more than 10 trucks any time during the previous year.

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