Amendment of section 44AB.

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....the 1st day of April, 2013;            (ii) in clause (b), for the words "fifteen lakh rupees", the words "twenty-five lakh rupees" shall be substituted with effect from the 1st day of April, 2013;            (iii) in the Explanation, in clause (ii), for the words, figures and letters "the 30t....

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....e existing provisions contained in clause (b) of the aforesaid section make it obligatory for every person carrying on profession to get his accounts of any previous year relevant to the assessment year audited by an accountant before the said specified date if his gross receipts in profession for the previous year exceed fifteen lakh rupees. It is proposed to enhance the said limit from fiftee....