Section 44AB

Pradeep (PRACTICE) (40 Points)

05 August 2017

what is the gross receipt limit for tax audit in case of professionals applicable for AY 2017-18?

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4 Replies

(Guest)

5000000/-or more than this amount as gross receipts applicable for tax audit

Pradeep (PRACTICE) (40 Points)
Replied 05 August 2017

this amendment is w.e.f. 01.04.2017, is this means we have to follow it from AY 2017-18 itself, or from AY 2018-19?

RAMESH D MODI (Proprietor) (4864 Points)
Replied 05 August 2017

it is applicable w e f 1.4.16

Sudiesh (Audit Assistant) (527 Points)
Replied 05 August 2017

date used in IT Act is Assessment Year. So this is applicable from AY 2017 -18

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