44 AD APPLICABILITY CONSIDERING REVISED LIMIT OF RS. 3 CRORE

This query is : Resolved

jayesh khokhariya (Querist)
Follow

28 September 2024 ASSESSES HAVING A TURNOVER OF RS. 2.19 CRORE HAVING RECEIVED ALL PAYMENT VIA DIGITAL PAYMENT SYSTEM (LIKE RTGS , NEFT, UPI) WANTS TO FILE RETURN UNDER SECTION 44AD CONSIDERING REVISED LIMIT OF RS. 3CRORE ??

REVISED LIMIT IS APPLICABLE FOR A.Y. 2024-25??
IS IT POSSIBLE ??

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

28 September 2024 Yes.
The Budget 2023 amended Sec 44AD and Sec 44ADA and revised presumptive taxation limits for FY 2023-24 (AY 2024-25). The increase in limits is subject to a condition that 95% of the receipts must be through online modes.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

11 October 2024 Good luck ....

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

RAJENDRA PARAKHI

shanmukha sai

Adv Ashish Vishwakarma

Vijay Singh

P.S.Satya narayana

Subscribe Now

44 AD APPLICABILITY CONSIDERING REVISED LIMIT OF RS. 3 CRORE

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Manager- Finance and Compliance

GST CONSULTANCY

Senior Executive

Accountant

GST CONSULTANT

CA Final