Should the tax audit limit u/s 44ab be increased from 50 lac for professionals?

Soumya Laha , Last updated: 19 September 2019  
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What is Profession? There is no proper definition of Profession is given under Income Tax Act. According to Sec 2(36) of Income Tax Act, profession includes vocation. Sec 44AA deals with the professions that required to maintain books of accounts are, Legal Medical Architectural

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Published by

Soumya Laha
(Advocate & Tax Consultant)
Category Income Tax   Report

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