Presumptive Taxation Does Not Create a Privileged Class of Taxpayers

There is a misconception in the mind of business as well as the professional community that if a person opts the provisions of presumptive taxation, then he is free to enjoy the difference between the actual profits and the presumptive profits.

source https://www.caclubindia.com/articles/presumptive-taxation-does-not-create-privileged-class-of-taxpayers-45725.asp