Menu
limit for 44AB(a)
what is the limit for total sales, turnover or gross receipt of business exceeding specified limits u/s 44ab(a)?
Replies (6)
44AB. Every person,—
(a) carrying on business shall, if his total sales, turnover or gross receipts, as the case may be, in business exceed or exceeds one crore rupees in any previous year;
sir, is it applicable for AY 2018-19
Yes.
I think you are confused for limit specified u/s. 44AD, which is 2 Crs.
yes sir, i am clear now
1 crore limit.......
see this
https://fintaxclub.blogspot.com/2019/03/1.H T M L?m=1
https://fintaxclub.blogspot.com/2019/03/1.H T M L?m=1
Recent Threads
- International Tax clarification UK.
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
- Clarification Required – Section 18 of Wage
- How to split freelance project income with a frien
- 194a for A y 2024-25
- Compensation & Benefits
- SAC code and GST rate transport services for anima
- Section 44AB is Gone — How Different is Tax
Related Threads
CAclubindia
