Applicable of section 44 ab in gross receipts
This query is : Resolved
24 January 2013
SIR,
MY CLIENT PLYS HIS BUSES ON HIRE. WHAT IS THE LIMIT OF HIS GROSS RECEIPTS FOR AUDIT U/SEC 44 AB OF I.T.
MY CLIENT PLYS HIS BUSES ON HIRE. WHAT IS THE LIMIT OF HIS GROSS RECEIPTS FOR AUDIT U/SEC 44 AB OF I.T.
24 January 2013
Gross Receipts Limit is 100 lakhs for the Financial Year 2012-13. For FY 2011-12 this limit is of 60Lakhs.
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