Options
- A
5%
-
6%
Correct answer
- C
7.5%
- D
10%
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NSM General NISM
Medium
#NISM Series VA
Under the presumptive taxation scheme (Section 44AD), what percentage of turnover is considered as profit if receipts are through cheque or digital means?
Practice question from NISM Series I - Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.