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If your gurus assert their profits to get less than 50% of their gross total receipts and likewise should they exceed the the Restrict of gross receipt, then they can not opt for presumptive taxation.
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When you are matched that has a lender, as well as your loan is authorized, the fascination rates and costs that you'll incur through repayment will probably be delivered to you.
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Cash flow through the occupation is offered in a decrease price than fifty% on the gross receipts (i.e., the expenditures to become claimed is greater than 50% from the gross receipts) and the full income is a lot more than The essential exemption.
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If an assessee satisfies any of the subsequent standards, then they have to keep guides of accounts and obtain accounts audited beneath segment 44AB:
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