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People today, HUFs or partnership firms to be eligible for picking presumptive earnings u/s 44AD must not Have a very turnover of much more than Rs 2 crore (Rs. three crore topic to a problem that ninety five% from the receipts have to be as a result of on-line modes).
Since Mr. P declares profits lower than that described from the presumptive cash flow scheme in the FY 2023-24, he opts to report his profits as per regular computation.
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