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section 44AE
question is if I have 7 vehicle ( not heavy goods vehicle) than as per presumptive taxation scheme i pay Rs.7500 p.m minimum profit for all goods. is it valid or not ?
Replies (1)
it is valid. as per sec. 44AE, you have to pay the actual profit or 7500 p.m. for each vhicle, whichever is higher.
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