Presumptive taxation eligibility: exceeding the turnover threshold disqualifies adoption of the scheme for business. The presumptive taxation scheme is available only if the taxpayer's total turnover or gross receipts do not exceed the prescribed audit threshold; ... Summary
Presumptive taxation eligibility: exceeding the turnover threshold disqualifies adoption of the scheme for business.
The presumptive taxation scheme is available only if the taxpayer's total turnover or gross receipts do not exceed the prescribed audit threshold; exceeding that turnover or gross receipt threshold renders the taxpayer ineligible to adopt the presumptive taxation regime for the year.
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