Promoting Digital Economy
1. In the presumptive income tax for small traders, income to be taken as 6% of turnover which is received by digital or banking means.
2. Cash expenditure allowable to be reduced to Rs.10,000 from the existing Rs 20,000.
3. Cash transaction of above Rs 3 lakh not to be permitted. The penalty of equal amount to be levied in case of breach.
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