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TAX TREATMENT OF MPKBY SCHEME
Mahila Pradhan Mantri Kshetriya Bachat Yojana scheme accounting and tax calculation.
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The commission received is taxable.
For commission upto Rs. 60,000/- no books are required to be maintained, ad hoc 50% given as standard deduction.
For any amount more than 60K, books are required to be maintained.
For more details refer: https://www.nsiindia.gov.in/InternalPage.aspx?Id_Pk=173
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