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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
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