Business Income Under Presumptive Taxation: 5% Rate on Cash Deposits Applies to Sections 68 and 69A Unexplained Income.

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....Addition u/s 68/69A - As per the scheme of presumptive taxation provided u/s 44AF the estimated business income from aggregate cash deposits / turnover works by applying 5% thereon. The estimated income from the cash deposits in the bank is thus requires to be restricted to the aforesaid amount.....