A professional is required to get his accounts audited under section 44AB of the Income-tax Act, 1961, where the gross receipts from profession during the financial year 2019-20:
A. Exceeds ₹ 100 lakhs
B. Equal to or exceeds ₹ 50 lakhs
C. Equal to or exceeds ₹ 100 lakhs
D. Exceeds ₹ 50 lakhs
Answer:D
A professional is required to get his accounts audited under section 44AB of the Income-tax Act, 1961, where the gross receipts from profession during the financial year 2019-20:
A. Exceeds ₹ 100 lakhs B. Equal to or exceeds ₹ 50 lakhs C. Equal to or exceeds ₹ 100 lakhs D. Exceeds ₹ 50 lakhs