https://www.taxtmi.com/acts?id=41387 Amendment revises section 44AD Explanation so that if cash receipts do not exceed five percent of turnover, the turnover ceiling in the sub-clause increases from two crore rupees to three crore rupees, and receipts by cheque or bank draft that are not account payee are deemed cash for that purpose. en-us Thu, 30 Mar 2023 14:55:04 +0530 Sat, 01 Apr 2023 16:49:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=41387 Amendment revises section 44AD Explanation so that if cash receipts do not exceed five percent of turnover, the turnover ceiling in the sub-clause increases from two crore rupees to three crore rupees, and receipts by cheque or bank draft that are not account payee are deemed cash for that purpose. Act-Rules F. Acts / Amendment Acts Thu, 30 Mar 2023 14:55:04 +0530 https://www.taxtmi.com/acts?id=41387