Sec 44ag
This query is : Open
07 February 2016
Sir,in case of the proposed section of presumptive income for professionals,why has the gross receipts limit in the
section kept 1 crore though the audit applicability is 25lakhs?
Nikhil Kaushik
(Expert)
07 February 2016
44AD is not applicable to professionals...
08 February 2016
Sir,I'm speaking about the proposed sec 44AG likely to be introduced from 1 April 2017
Nikhil Kaushik
(Expert)
08 February 2016
well the proposal is for Rs 25 lakhs only...it seems where the definition of eligible profession has been given an error has creeped in from copying the 44AD proposals!
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