44AB turnover threshold for Audit increased 5 times to Rs 5 Crore

Last updated: 01 February 2020

Increased limit to apply only to Businesses carrying out less than 5% of their business transactions in cashIn order to reduce the compliance burden on small retailers, traders, shop keepers who comprise the Medium, Small and Micro Enterprise (MSME) sector, the Union Budget proposed to raise by five

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Category Union Budget   Report

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