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Confused about Education Cess and Turnover Limit under Section 44AD? Kunal Surana Seeks Clarity

Mihir

Mihir Tanna  |1039 Answers  |Ask -

Tax Expert - Answered on Feb 10, 2025

Mihir Ashok Tanna, who works with a well-known chartered accountancy firm in Mumbai, has more than 15 years of experience in direct taxation.
He handles various kinds of matters related to direct tax such as PAN/ TAN application; compliance including ITR, TDS return filing; issuance/ filing of statutory forms like Form 15CB, Form 61A, etc; application u/s 10(46); application for condonation of delay; application for lower/ nil TDS certificate; transfer pricing and study report; advisory/ opinion on direct tax matters; handling various income-tax notices; compounding application on show cause for TDS default; verification of books for TDS/ TCS/ equalisation levy compliance; application for pending income-tax demand and refund; charitable trust taxation and compliance; income-tax scrutiny and CIT(A) for all types of taxpayers including individuals, firms, LLPs, corporates, trusts, non-resident individuals and companies.
He regularly represents clients before the income tax authorities including the commissioner of income tax (appeal).... more
kunal Question by kunal on Feb 01, 2025Hindi
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Good Evening Mr Mihir Tanna Sir, This is Kunal Surana here. 1.I would like to ask whether the education cess and Higher education cess remains unchanged or that also has been changed . 2. What is status of the Turnover Limit U/s 44 AD of the income tax Act as per Budget 2025 for Financial Year 2025-2026 proposed by our Hounourable Finance Minister . Is it the same or it has also been Revised . Thanking You, Best regards, Yours truly, KUNAL SURANA

Ans: No change is proposed in Budget 2025 for cess and 44AD limits
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