TaxTMI Login
Just a moment...
AI-powered research trained on the authentic TaxTMI database.
Launch AI Search →Powered by Weblekha - Building Scalable Websites
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Acts & Rules
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of Press 'Enter' after typing page number.
<h1>Presumptive taxation: eligible businesses deemed to earn a prescribed proportion of turnover for computing taxable business income.</h1> Presumptive taxation requires an eligible assessee engaged in an eligible business to have profits deemed as a prescribed proportion of total turnover or gross receipts, with standard business deductions treated as already allowed and no further deduction permitted; written down value is computed as if depreciation had been claimed; specified professions and certain income types are excluded; eligibility is conditioned on residence, entity type, turnover thresholds and mode of receipts, and departure from the scheme or excess total income triggers record keeping and audit obligations.
TaxTMI 
TaxTMI 
