F&O Business

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34 Points Joined September 2013
Can we apply provisions of presumptive taxation (8%) in case of F&O business????
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On 05 March 2019 at 19:03 Report
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SEO Sai Gr. Hosp.
210651 Points Joined July 2016

Yes..... Minimum profit to be declared is 6%.

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On 05 March 2019 at 19:08
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Student
7053 Points Joined February 2019
The small trader can disclose his income at any level above 6% of turnover. Earlier, the minimum required to be disclosed was 8% but this was reduced to 6% from 2016-17 onwards
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On 05 March 2019 at 20:28
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512 Points Joined October 2018
6% only if all the gross receipts are recd by account payee cheque or draft or by electronic mode...otherwise 8%
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On 05 March 2019 at 22:18
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CA FINAL ASPIRANT
3115 Points Joined September 2018
yes , you can...but minimum profit to be declared is 6%
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On 07 March 2019 at 21:30


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