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Amendment in Sec.44AD

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(Querist)
21 July 2009 Please explain me the amendment made in sec.44AD an its implications. Whether it applies to all business and profession?
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Jitender

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Jitender (Expert)
21 July 2009 yes it will be applied to all businesse having turnover of less than 40 lakh.
It is applicable w.e.f. A.Y 2011-12

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