Question ID : 587
turnover u/s.44AB in case of artist who sells his paintings to the interested parties
my client is a popur artist who pats pictures and sells to the art lovers directly or through galleries. durg the py endg 31.3.05, the sale proceeds received are Rs. 20.56 khs. can the professional collegues give opion as regards the quantum of turnover for applicability of ec. 44AB i.e., Rs. 10 cs or Rs. 40 cs. '
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