Professional gross receipts threshold excludes small practitioners from rule 6F application when receipts fall below statutory limit. The substituted proviso excludes application of the sub rule where a person's total gross receipts in the profession do not exceed one lakh fifty thousand rupees in any one of the three years immediately preceding the previous year, or where a profession has been newly set up, if total gross receipts for the previous year are not likely to exceed that amount.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Professional gross receipts threshold excludes small practitioners from rule 6F application when receipts fall below statutory limit.
The substituted proviso excludes application of the sub rule where a person's total gross receipts in the profession do not exceed one lakh fifty thousand rupees in any one of the three years immediately preceding the previous year, or where a profession has been newly set up, if total gross receipts for the previous year are not likely to exceed that amount.
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