Ay 2017-2018 - section 44ab, 44ad, 44ada

SURANA (PROPRIETOR) (515 Points)

24 May 2017  

For the AY 2017-2018

the Turnover limit under section 44AD was increased to 2crores, whereas the Limit under Section 44AB was not changed and remained at 1Crores.

similarly the provision for Professional remained at 25 Lacs, whereas a new subsection 44ADA was introduce with the limit of 50 lacs.

Now is this an error or something difficult to understand what FM wanted...