Tag Archives: Amendment of section 44AB of Finance Bill 2017

Tax Audit Limit AY 2017-18 for Presumptive Taxation

By | February 4, 2017

Tax Audit Limit for Presumptive Taxation w.e.f AY 2017-18 Summary – Tax Audit Limit AY 2017-18  :As per Finance Bill 2017 , w.e.f 01.04.2016 FY 2016-17 (AY 2017-18) Section 44AB  an eligible person opting for presumptive taxation scheme as per section 44AD(1) shall not be required to get his accounts audited if the total turnover or gross receipts… Read More »