23 April 2023
Sir, Q.no.1 A doctor professional and selling medicines income f.y.22-23.doubt: professional income limit rs:50 or 75 lacs for f.y.22-23 Q.no.2 Assessess Cash gift from brother rs:5 lacs same date cash gift to brother rs:3 lacs through on bank mode pay.doubt: assessess gift transaction allowed in it act.
23 April 2023
1. For FY 2022-23, limit u/s. 44AB for audit & u/s. 44ADA presumptive assessment the limit remains Rs. 50 lakhs. 2. Allowed only if the gifts are transferred through any banking mode.
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