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Section 44aa & 44ab

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(Querist)
31 July 2014 Can you plz describe me about Section 44AA & 44AB and is it applicable on income of Rs.230000/- or more
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
02 August 2014 44AA will apply. 44AB will apply only if this income is covered under 44AD and is less than 8% of the turnover.
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