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.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
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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