An individual owning 8 goods carriages as on 1.4.2020. He sold 2 goods carriages on 1.5.2020 and purchased 4 goods carriages on 1.7.2020. Can he opt for presumptive taxation?
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Opt for presumptive taxation
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Quick Summary
Yesterday individual can opt for presumptive taxation provided that the carriage must be less than 10
Yes provided total number of goods carriage shall not exceed 10 at any time during the year.
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