How much
This query is : Resolved
27 October 2021
Dear experts,
Let me know the threshold limit under section 44AB Tax audit for the A.Y. 2021-22 if the assessee fulfil all the condition below:
- receipts in cash < 5% of total receipts during the previous year and
- payments in cash < 5% of total payments during the previous year.
Thanks
Let me know the threshold limit under section 44AB Tax audit for the A.Y. 2021-22 if the assessee fulfil all the condition below:
- receipts in cash < 5% of total receipts during the previous year and
- payments in cash < 5% of total payments during the previous year.
Thanks
27 October 2021
It's 10 crores the limit.
27 October 2021
IF SEC 44ad(4) not attracted, then its Rs.10 Crs. for business entities.
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
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Value of property in capital gain
- FORM 26A APPLICABILITY
- Regarding TDS Applicability For Director Remuneration
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
