limit for 44AB(a)

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Accountant
170 Points Posted on 01 February 2019
what is the limit for total sales, turnover or gross receipt of business exceeding specified limits u/s 44ab(a)?
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On 01 February 2019 at 12:18 Report
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SEO Sai Gr. Hosp.
212503 Points Posted on 01 February 2019

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;

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On 01 February 2019 at 12:22
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Accountant
170 Points Posted on 01 February 2019
sir, is it applicable for AY 2018-19
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On 01 February 2019 at 12:48
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SEO Sai Gr. Hosp.
212503 Points Posted on 01 February 2019

Yes.

I think you are confused for limit specified u/s. 44AD, which is 2 Crs.

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On 01 February 2019 at 12:55
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Accountant
170 Points Posted on 01 February 2019
yes sir, i am clear now
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On 01 February 2019 at 13:22
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CA
3430 Points Posted on 02 February 2019
1 crore limit.......
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On 02 February 2019 at 19:45
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23 Points Posted on 15 March 2019
see this
https://fintaxclub.blogspot.com/2019/03/1.H T M L?m=1
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On 15 March 2019 at 18:21

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