Tax Audit Applicability u/s. 44AB of Income Tax Act, 1961 - Earlier & Post Budget 2020

Jigar Shah , Last updated: 25 February 2020  
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1. Before 2016, the turnover limit for sec 44AB and Sec 44AD were identical. Thereafter, in Budget 2016, the turnover limit for Sec 44AD has been raised to INR 2 Cr from INR 1 Cr, while no such change has been made in Sec 44AB(a) in this regard. Hence, they intact the turnover limit of INR 1 Cr for

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Jigar Shah
(Proprietor Jigar P Shah & Company)
Category Income Tax   Report

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