In the above mentioned illustration, the total receipt is under the revised/enhanced presumptive Restrict of Rs. 75 lakh and also the cash receipt is a lot less than 5% of the whole receipts.
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Use this income calculator so as to add up the whole amount of cash for common denominations of bills, coins and rolled or bagged coins in these currencies:
Following picking presumptive taxation, In case your cash flow goes further than the set limit then You must get your publications audited.
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To add up read more the overall quantity of cash and coins you may have, 1st form Each and every Observe and coin In accordance with worth. Produce a independent pile for each denomination and after that count the number of of every bill or coin benefit you've.
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