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Is there any new scheme for 2 crore turn over business ?

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ShubhamKapoor

ShubhamKapoor (Querist)
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13 January 2017 I noticed in news that if your turn over is 2 crore or approx 2 crore. You can seem 6 of your turn over as an income then submit income tax. No any other procedure papers will be asked. Is it true Please give the details Thankyou in anticipation

CMA MUNIKOTI CHANDRA SEKHAR

CMA MUNIKOTI CHANDRA SEKHAR (Expert)
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13 January 2017 IT IS PRESUMPTIVE TAX UNDER SEC 44AD WHICH IS 8% NOW IT MADE 6% FOR THOSE WHO ARE DEALING COMPLETE CASH LESS TRANSACTIONS I.E ADOPTING DIGITALIZATION.

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