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Income Tax - Highlights / Catch Notes

Home Highlights November 2018 Year 2018 This

Presumptive income - Once the assessee’s income is accepted u/s ...

Case Laws     Income Tax

November 15, 2018

Presumptive income - Once the assessee’s income is accepted u/s 44AE, then the provisions of section 44AA and 44AB are not applicable and consequently there can be no default on the part of the assessee for maintaining the regular books of account as well as getting the same audited.

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