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Under Segment 44AD of presumptive taxation, compact taxpayers with below Rs 2 crore of turnover are not expected to maintain books of accounts and their earnings are presumed to be eight% of their turnover.Beneath the income tax laws, an individual engaged in prescribed business or job is necessary to mandatorily retain guides of account, prepare m

(e) Incentive allocations to guidance enterprise enterprises owned and controlled by socially and economically disadvantaged folksNerdWallet doesn't acquire compensation for our star scores. Study more about our ratings methodologies for personal loans and our editorial suggestions.Serves being a stepping stone toward obtaining larger sized economi