Monday, 23 November 2015

Second proviso to sec. 40(a)(ia) is applicable prospectively with effect from 1-4-2013

IT : Benefit of exclusion from purview of section 194A is restricted only to those individuals and Hindu Undivided families, whose total sales, gross receipts or turnover from business or profession do not exceed monetary limit specified under section 44AB(a) or (b)

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