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Regarding Rule 86B

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150 Points Posted on 08 November 2024
I have taken registration in Apr 2021 and crossed monthly turnover 50 lakhs for more than one month.As newly registered I have not filed previous year IT for 86B exemption. So 86B is not applicable to me. plz clarify issue. Thanking you
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On 08 November 2024 at 20:50 Report
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SEO Sai Gr. Hosp.
211715 Points Posted on 09 November 2024

Restriction under Rule 86B is applicable to you in the month/s TO exceeded 50 lakhs.

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On 09 November 2024 at 08:50
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M Com FCS LLB M-AIMA
14046 Points Posted on 13 November 2024

yes it is applicable as soon as your turnover exceeds Rs 50 lakhs in a month.

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On 13 November 2024 at 16:01


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