Regarding section 44ab
This query is : Resolved
26 June 2013
Under Section 44AB, prescribed limit of turnover/gross receipts from profession and business has been revised to Rupees 25 Lakhs and 1 Crore respectively.
Is this amendment applicable for A.Y. 2013-14, i.e., current year, or from A.Y. 2014-15?
Is this amendment applicable for A.Y. 2013-14, i.e., current year, or from A.Y. 2014-15?
Dintakurthi Tirumala
(Expert)
26 June 2013
Such limit is applicable from A.Y.2013-14.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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