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Presumptive Income u/s 44AD of Income Tax Act, 1961 [w.e.f. AY 2011- 12]

Presumptive Income u/s 44AD of Income Tax Act, 1961 [w.e.f. AY 2011- 12]. Applicability Any business except the business of plying, hiring or leasing goods carriages specified u/s 44AE whose Total Turnover or Gross Receipts in the Previous Year does not exceed Rs. 60 Lakhs.

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