Professional turnover limit 25 lakh or 50 lakh
Querist : Anonymous
For AY 2016-17 what is the turnover's ceiling limit of professionals weather 25 Lakh or 50 Lakh?
Regards
Himanshu
Querist : Anonymous
Querist : Anonymous
Querist : Anonymous
Also clarify if professionals turnover's is more then 25 Lakh in AY 2017-18 in this scenario weather audit u/s 44AB will attract or not?
Querist : Anonymous
So if you opted for section 44ADA to avoid audit of your accounts for f.y. 2016-17 your turnover limit should be below Rs 50 lakhs.
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