Income Review Cap for Companies Under 44AD: Revised Restrictions

The turnover limit for income audit under the 44AD scheme has been altered. Previously, companies with a income exceeding ₹ 1 crore were subject to review. However, the new regulation now sets this cap to ₹ 2 crore. This change aims to lessen the load on smaller entities and promote adherence with tax rules. Consequently, a greater number of qu

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