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Notices & Assessments 1023 views 4 replies

Please help me , 

What is the Turnover Limit for Business u/s 44AB for the F.Y.2010-2011 (A.Y.2011-2012)

 

 

 

Replies (4)

Rs. 40.00 Lakhs & and for professional is 15.00 Lakhs

 

in one of my Books it is mentioned Turnover of 40 Lakhs upto F.Y.2009-2010, So it should be 60 Lakhs for F.Y.2010-2011 ? 

You are right Mr Abdul.,  turnover limit for business is 60 lakhs for FY 2010-11.

Sorry, I  wrote inadvertantly Rs. 40.00 Lakh instead of Rs. 60.00 Lakh


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