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 2021-22:

Question: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 2021-22:

1.Exceeds ₹ 100 lakh

2. Equals to or exceeds ₹ 50 lakh

3.Equals to or exceeds ₹ 100 lakh

4. Exceeds ₹ 50 lakh


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