Third Proviso to 44AB
raghav khanna (5 Points)
24 August 2021raghav khanna (5 Points)
24 August 2021
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 24 August 2021
Mitali
(Finance Professional)
(17766 Points)
Replied 16 October 2023
A person carrying on business, if his total sales, turnover or gross receipts (as the case may be) in business for the year exceed or exceeds Rs. 1 crore. This provision isโ not applicable to the person, who opts for presumptive taxation scheme under section 44ADโ and his total sales or turnover doesn't exceed Rs. 2 crores.
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