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clarify for presumptive tax
if digital turnover is 60lakh and cash turnover is 10lakh then how to calculate presumptive tax
Replies (2)
digital turnover tax rate would be 8%,in case of cash tax rate would be 6%..
6000000*8%=480000
1000000*6%=60000
6000000*8%=480000
1000000*6%=60000
the calculation of Mr Gopinath is wrong tax will be calculated as follows
60,00,000 *6%=3,60,000
10,00,000*8%=80,000
60,00,000 *6%=3,60,000
10,00,000*8%=80,000
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