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    • Question

      What is the increased turnover limit under section 44AD for

      businesses in the new Income Tax Bill?
      A ₹1 crore Correct Answer Incorrect Answer
      B ₹2 crore Correct Answer Incorrect Answer
      C ₹3 crore Correct Answer Incorrect Answer
      D ₹5 crore Correct Answer Incorrect Answer
      E ₹10 crore Correct Answer Incorrect Answer

      Solution

      The new Income Tax Bill increased the presumptive taxation limit under section 44AD from ₹2 crore to ₹3 crore for businesses and from ₹50 lakh to ₹75 lakh for professionals, streamlining tax compliance.

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