Part XIVAMENDMENTS TO CERTAIN ACTS TO PROVIDE FOR MERGER OF TRIBUNALS AND OTHER AUTHORITIES AND CONDITIONS OF SERVICE OF CHAIRPERSONS, MEMBERS, ETC. (From Section 156 to Section 189 )
Presumptive taxation thresholds increased for individuals and HUFs under section 44AA, adjusting applicability of clauses (i) and (ii). Amendment inserts provisos in section 44AA substituting higher monetary thresholds for individuals and Hindu undivided families so that clauses (i) and ... Summary
Presumptive taxation thresholds increased for individuals and HUFs under section 44AA, adjusting applicability of clauses (i) and (ii).
Amendment inserts provisos in section 44AA substituting higher monetary thresholds for individuals and Hindu undivided families so that clauses (i) and (ii) operate with the increased limits for those classes of taxpayers, thereby altering the applicability of record-keeping and related provisions.
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