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Sec 44ada or sec 44ab applicable f.y.23-24

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Kollipara Sundaraiah

Kollipara Sundaraiah (Querist)
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25 June 2024 Sir,
It assessess fees collection income rs:60 lacs f.y.22-23 tax audit itr filed.fees collection income rs:55 lacs f.y.23-24 .sec 44ada provision increased f.y.23-24
Question:
Assessess itr filed sec 44ada or 44ab provision applicable f.y.23-24

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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25 June 2024 Limit for Sec. 44ADA IT act, has been increased to 75 lakhs, provided cash receipts are less then 5% of the total receipts.

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Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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29 August 2024 Good Luck.

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