Presumpative income 6% and 8%

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Vijay Baraiya

Advocate

271 Points Joined October 2013

If my 90% receipt is through banking and 10% receipt in Cash. Can i claim presumpative income 6% for 90% receipt and 8% for 10% receipt?

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Saifullah Khalid

Autodidact/Curious

638 Points Joined October 2014

Originally posted by : Vijay Baraiya
	If my 90% receipt is through banking and 10% receipt in Cash. Can i claim presumpative income 6% for 90% receipt and 8% for 10% receipt?

YES ....banking/electronics mode bussiness receipts are eligible for 6 % (OR higher) rate of presumptive taxation and cash mode receipts for 8% (OR higher) .