Presumptive tax

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91 Points Posted on 06 February 2020
what change make in presumptive taxation policy in 2020 budget
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On 06 February 2020 at 08:20 Report
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This discussion clarifies changes to the presumptive taxation policy introduced in the 2020 budget. It addresses whether the cash receipt, payment, or expense criteria apply to businesses with turnover below £2 crore. The original policy had different rates for cash (8%) and digital transactions (6%) without specific cash criteria, and this thread seeks to confirm the current rules.

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"Do the Right Thing...!!!"
128162 Points Posted on 06 February 2020
No more changes in presumptive taxation scheme...
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On 06 February 2020 at 08:50
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91 Points Posted on 06 February 2020
For below 2 crores turnover below 5% cash receipt,payment or expense criteria apply or not in old there is no cash criteria only for cash 8% and digital mode 6% apply.so please clarify
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On 06 February 2020 at 09:02

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