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?
Suresh Pai S (Tax Consultant) (1029 Points)
10 August 2017A 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?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(170119 Points)
Replied 10 August 2017
What is the percentage of profit (to be) declared for the year?
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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