Amendments made to Income Tax Act

Member (Account Deleted) Guest , Last updated: 26 February 2010  
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Some amendments made to Income tax by finance act 2010. 1) Limit for compulsory audit under section 44AB is enhanced to 60 Lakhs and 15 Lakhs for business and profession respectively. 2) Penalty for not getting books audited with prescribed time under section 44AB is enhanced to Rs.1,50,000 fr

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