monitory limit U/S 44AB
This query is : Open
CA Balakrishna Bhat
(Querist)
15 May 2009
Whether Monitory limit prescribed u/s 44AB (a) & (b) i.e. Rs 40L & 10L respectively is businesswise or assesseewise.
(ex an individual having several business which individualy below the limit and cumulatively crosses the limit)
Any circular, notification, caselaw etc for this issue
(ex an individual having several business which individualy below the limit and cumulatively crosses the limit)
Any circular, notification, caselaw etc for this issue
SHIVAM GROVER
(Expert)
16 May 2009
it is bussiness establishment wise individualy not a banch wise
CA Balakrishna Bhat
(Querist)
16 May 2009
i understood your answer. what do you mean by banchwise
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