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Tax Audit

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(Querist)
14 September 2010 Whether agriculture business having turonover more than Rs. 40,Lacs liable to tax audit u/s 44AB
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Hemu Kapoor

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Hemu Kapoor (Expert)
14 September 2010 no agricultural income is not liable to tax u/s. 10(1), it is to be considered for rate purposes only.

no specific provisions are present u/s 44ab
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