Amendment to section 44AB in Budget 2020

Unnati Sharma , Last updated: 02 July 2020  
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Section 44AB of the Income Tax Act provides that every person is required to get his accounts audited if his : (a) totalsales,turnoveror gross receipts, in business exceed Rs. 1 crore in any previous year, in case ofbusiness. (b)gross receiptin profession exceeds Rs. 50 lakh in any previous year

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Unnati Sharma
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Category Income Tax   Report

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