consequences of sec 44AB (PRESUMPTIVE INCOME)
In Girish ahuja book what does it mean:-
Turnover of presumptive business not to be included for computing limit section 44AA and 44AD:
The provision of sections 44aa and 44ab shall not apply in so far as they relate to this businessand in computing the monetary limits under section 44AA and 44AB for OTHER BUSINESS, the gross receipts or, as the case may be, the income from the said business shall be excluded
CAclubindia
