Hi,-
Is Section 44AB applicable in the given case for FY:2018-2019,
Turnover: Rs.56,00,000/-
Net Profit : 2%
Case 1:
Total Taxable Income is above basic exemption limit i.e. Rs.4,45,000/-
Case 2:
Total Taxable Income is below basic Exemption Limit i.e..Rs.2,25,000/-
Thanks in Advance.
For Individual/HUF .... doing 'eligible business' ...
Case 1 Yes
Case 2 No.
Triveni Turbine Limited
Bengaluru
CA
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Gowra Ventures Pvt Ltd
Hyderabad
CA
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CAclubindia
