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In the above illustration, the overall receipt is beneath the revised/improved presumptive Restrict of Rs. seventy five lakh as well as cash receipt is under five% of the overall receipts.
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List your complete readily available money which includes wages, retirement, investments, and rental Homes. You're not essential to disclose income that is definitely alimony, baby assistance or individual servicing unless you ought to use that profits to qualify for any loan.
Right here, we can easily Assess his taxable income below typical provisions and the presumptive scheme as under:
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