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Presumptive taxation
Please Suggest Whether Presumptive Taxation U/s 44AD i.e. Net Profit is 8% of Gross Receipt is applicable for Financial year 2010-11 also ?
If Yes please suggest me the relevant circular
Please reply its urgent
Replies (2)
Yes, but it was only for civil contractors.
Dear Suresh,
I Agree with Arun kumar.
Thanks
Ankit
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