Amendment of section 44AB

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Full Text of the Document

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....e (b), for the words "ten lakh rupees", the words "fifteen lakh rupees" shall be substituted. - Clause 14 of the Bill seeks to amend section 44AB of the Income tax Act relating to audit of accounts of certain persons carrying on business or profession. The existing provisions contained in clause (a) of the aforesaid section make it obligatory for every person carrying on business to get his ac....