Amendment of section 44AB.

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..... he 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 30th day of September of the assessment year , the words, brackets and figures the due date for furnishing the return of income under sub-section (1) of section 139 .....

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..... us 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 fifteen lakh rupees to twenty-five lakh rupees. These amendments will take effect from 1st April, 2013 and will, accordingly, apply in relation to the assessment year .....

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