A hotel business has 80 lakh turnover during FY 2016-17. But for FY 2015-16 44AB was applicable.
44AB will not apply for the AY 2017-18 becasue for the FY 2016-17, turnover has not exceeded Rs 1 crore. True or false?
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177741 Points)
Replied 10 August 2017
What is the percentage of profit (to be) declared for the year?
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