In ancient Rome under Julius Caesar, a tax system called "centesima rerum venalium" imposed a 1% presumptive tax on the sale price of goods. This historical precursor to modern presumptive taxation systems highlights the historical roots of estimating income for taxation. Explore the contemporary application of presumptive taxation in India, introduced to simplify tax compliance for small businesses and professionals by reducing the need for meticulous bookkeeping and auditing.

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