What is Presumptive Tax Regime ?

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What is Presumptive Tax Regime ?

AbdulSamad
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06-10-2010, 08:30 PM

Can any one tell me what is presumptive tax regime and further please explain this new amendments?

In Budget 2010-2011,

- Senior Citizens of the age of 60 years or more, are to be eligible for relief of 50% of tax on their income, if their income does not exceed Rs.1,000,000/- (as compared to previous maximum limit of Rs.750,000/-) However this relief shall not be available on income subject to Presumptive Tax Regime.

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What is Presumptive Tax Regime ? - by AbdulSamad - 06-10-2010, 08:30 PM

[No subject] - by LapTop - 06-10-2010, 09:18 PM

[No subject] - by LapTop - 06-10-2010, 09:22 PM

[No subject] - by AbdulSamad - 06-10-2010, 09:29 PM

[No subject] - by LapTop - 06-10-2010, 09:35 PM

[No subject] - by AbdulSamad - 06-10-2010, 10:04 PM

[No subject] - by zeeshan687 - 07-05-2010, 05:42 AM

[No subject] - by LapTop - 07-05-2010, 07:22 PM

[No subject] - by Sarfaraz Khan - 07-07-2010, 02:59 PM

[No subject] - by LapTop - 07-08-2010, 12:48 AM

[No subject] - by AbdulSamad - 10-23-2011, 03:07 PM

[No subject] - by student_of_law - 10-28-2011, 08:02 PM

[No subject] - by amerrafique - 10-29-2011, 12:25 AM

[No subject] - by student_of_law - 10-30-2011, 12:21 AM