44AA
This query is : Resolved
13 September 2017
Dear sir/ madam,
Plz explain the following sentence..
"The total income exceeds maximum amount not chargeable to tax"
Read more at: https://www.caclubindia.com/articles/44ada-special-provision-for-computing-profits-and-gains-of-profession--31120.asp
13 September 2017
maximum amount not chargeable for tax is Rs 2.5 Lakhs ...anything above that is taxable...
13 September 2017
If total income exceeds 250000 we should keep books of account and audit from chartered accountant?
16 September 2017
please read the section in entirety. for audit, refer 44AB. 44AA doesn't prescribe conditions for audit.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Itr 1 processing
- Reporting Income under Section 44ADA
- Building and other construction workers welfare cess act 1996
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- Bank Accounts in Balance Sheet for ITR 3
- TDS ON CASH WITHDRAWALS...
- Article ship defecit
- Form 10BD Filling
- Registration as Authorised Representative of minor
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Annual return of gst limit
- Delisted shares sold in off market/ Rebate u/s87A
- Error whiling application of GST REFUND (ANNEXURE B)
- While filing GSTR9 accountant couldn't entered the ITC values in Table 6, in 9C it is not accepting
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
