44AB and AD
(Guest)
threshold limit confusion
4 Replies
Studentsca
(CA Practice )
(3577 Points)
Replied 08 May 2017
More than1Cr and 50 lacs under section 44AB and upto 2Cr and 50 lacs under section 44AD as per Finance Act 2016.
CA Rashmi Gandhi
(Chartered Accountant)
(86500 Points)
Replied 08 May 2017
Limit is Rs.2 crore for business & 50 lakh for profession. from a.y. 2017-18
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