limit for 44AB(a)
Thooya (Accountant) (170 Points)
01 February 2019
what is the limit for total sales, turnover or gross receipt of business exceeding specified limits u/s 44ab(a)?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(166288 Points)
Replied 01 February 2019
44AB. Every person,—
(a) carrying on business shall, if his total sales, turnover or gross receipts, as the case may be, in business exceed or exceeds one crore rupees in any previous year;
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(166288 Points)
Replied 01 February 2019
Yes.
I think you are confused for limit specified u/s. 44AD, which is 2 Crs.
Yash Kedia
(23 Points)
Replied 15 March 2019
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