Get a hike in presumptive tax limits now2 min read . Updated: 02 Feb 2023, 02:06 PM IST
Professionals earning up to ₹75 lakh in a financial year will now be eligible for presumptive taxation, as long as their cash receipts are within the 5% cap of overall turnover.
Finance minister Nirmala Sitharaman has increased the threshold limits for availing presumptive taxation, a move that will benefit numerous small businesses and professionals.
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