https://www.taxtmi.com/circulars?id=5058 A simplified tax regime allows small traders, eating house owners and certain vocations to pay income tax by filing Form No. 4A/4B and remitting tax at bank counters; eligible vocations are limited to low intensity manual or service trades excluding professional occupations. Participation is subject to turnover and income ceilings and aggregate non business income limits (with section 80L deduction). A valid filing shields the taxpayer from further survey questioning about the declared business for the covered years and the Department will not open enquiries for earlier or those covered years by reason of such filing. en-us Wed, 09 Dec 1992 00:00:00 +0530 Sat, 09 Aug 2008 10:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5058 A simplified tax regime allows small traders, eating house owners and certain vocations to pay income tax by filing Form No. 4A/4B and remitting tax at bank counters; eligible vocations are limited to low intensity manual or service trades excluding professional occupations. Participation is subject to turnover and income ceilings and aggregate non business income limits (with section 80L deduction). A valid filing shields the taxpayer from further survey questioning about the declared business for the covered years and the Department will not open enquiries for earlier or those covered years by reason of such filing. Circulars Income Tax Wed, 09 Dec 1992 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5058