Section 44AB of ITA, 1961 : Section 44Ab: Audit Of Accounts Of Certain Persons Carrying On Business Or Profession
ITA, 1961
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Explanation using Example
For example, consider Mr. Sharma, who owns a garment manufacturing business. In the financial year 2022-2023, his total sales amount to INR 1.2 crores. According to Section 44AB of the Income-tax Act, 1961, since his sales exceed INR 1 crore...
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