# The Finance Act, 2017, Section 20: Amendment of section 44AB

- Act: The Finance Act, 2017
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2017/section/20/

## Text

Amendment of section 44AB. 20. In section 44AB of the Income-tax Act,— (i) | before the first proviso, the following proviso shall be inserted, namely:— "Provided that this section shall not apply to the person, who declares profits and gains for the previous year in accordance with the provisions of sub-section (1) of section 44AD and his total sales, turnover or gross receipts, as the case may be, in business does not exceed two crore rupees in such previous year:"; (ii) | in the first proviso, for the words "Provided that", the words "Provided further that" shall be substituted; (iii) | in the second proviso, for the words "Provided further", the words "Provided also" shall be substituted.

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