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Presumptive taxation
What is PT ? and why use this ? please explain in simple words. sir
Replies (4)
JUST GO THROUGH THIS PPT FILE. HOPE YOU GET CLEAR.
thanku.. let me check itout
PT MEANS PRESUMPTIVE TAXATION. IT IS USEFUL FOR SMALL BUSINESS PEOPLE WHOSE TURNOVER NOT EXCEEDS 2CR. IT HELPS TO THE SMALL EBTERPRENURES THAT BY MAKING A FIXED RATE OF PROFIT DECLARATION I.e 8% . BY THAT YOU ARE NOT NEEDED TO MAINTAIN ANY BOOKS OF ACCOUNTS AND AUDIT
thank you boss
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