https://www.taxtmi.com/forum/issue?id=3117 Speculative business for presumptive taxation is treated as eligible; turnover for jobbing is the aggregate of profits and losses from jobbing transactions, and if actual net profit exceeds the presumptive percentage of that turnover the assessee must declare income higher than the presumptive amount. en-us Wed, 29 Jun 2011 13:04:17 +0530 Thu, 23 Jan 2025 15:58:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3117 Speculative business for presumptive taxation is treated as eligible; turnover for jobbing is the aggregate of profits and losses from jobbing transactions, and if actual net profit exceeds the presumptive percentage of that turnover the assessee must declare income higher than the presumptive amount. Discussion-Forum Income Tax Wed, 29 Jun 2011 13:04:17 +0530 https://www.taxtmi.com/forum/issue?id=3117