Accountancy, asked by kspatil1420, 1 month ago

composition levy is a which scheme​

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Answered by Ankitsinharaya
5

Answer:

The composition levy is an alternative method of levy of tax designed for small taxpayers whose turnover is up to Rs. ... Moreover, it is optional and the eligible person opting to pay tax under this scheme can pay tax at a prescribed percentage of his turnover every quarter, instead of paying tax at normal rate.

Explanation:

@ chichora SSR ☺️

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Answered by VenomArmy
63

Ans ✍️

The composition levy is an alternative method of levy of tax designed for small taxpayers whose turnover is up to Rs. ... Moreover, it is optional and the eligible person opting to pay tax under this scheme can pay tax at a prescribed percentage of his turnover every quarter, instead of paying tax at normal rate.

Explanation:

@ chichora SSR ☺️

Explanation:

Hope it helps you ✌️

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