Please help me ,
What is the Turnover Limit for Business u/s 44AB for the F.Y.2010-2011 (A.Y.2011-2012)
4 Replies
Hemchand Kohli
(Accountant)
(889 Points)
Replied 31 August 2012
Rs. 40.00 Lakhs & and for professional is 15.00 Lakhs
Abdul Khader
(STUDENT)
(192 Points)
Replied 31 August 2012
in one of my Books it is mentioned Turnover of 40 Lakhs upto F.Y.2009-2010, So it should be 60 Lakhs for F.Y.2010-2011 ?
CA Gnanika
(CA )
(485 Points)
Replied 31 August 2012
You are right Mr Abdul., turnover limit for business is 60 lakhs for FY 2010-11.
Hemchand Kohli
(Accountant)
(889 Points)
Replied 31 August 2012
Sorry, I wrote inadvertantly Rs. 40.00 Lakh instead of Rs. 60.00 Lakh
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