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Question ID : 21121

Audit requirement

For the Presumptive scheme of Income Tax Net profits should be 8 % of cash sale and 6 % for sale through
Neft/cheques etc How should this be bifurcated as most of the debtors remains unpaid at the time of finalisation of balance sheet

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Posted by Mahesh Kumar on Jul 16, 2023
Filed Under DIRECT TAXES

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