Tax Audit for the FY-2009-10

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(Querist) 27 February 2010

What is the Turnover limit (whether it is 40 lakhs or 60 lakhs) for Tax Audit u/s 44AB of the Income Tax Act, 1961 for the Financial Year 2009-10 in the light of Budget-2010. Please tell me in the soon.


CA. Gurdeep Singh Chawla (Expert) 27 February 2010

it is 40 lakhs for the Financial Year 2009-10

CA Gangadhar Mishra (Expert) 27 February 2010

at present 40lacs is the limit for tax audit

CA Ravi Sisodia (Expert) 27 February 2010

Rs. 40 lakhs is limit for Tax Audit u/s 44AB of the Income Tax Act, 1961 for the Financial Year 2009-10

Chandraprakash Ramjalwar (Expert) 27 February 2010

Agree with all experts....

CA SIDHARTH HIRALAL PATNI (Expert) 27 February 2010

Provisions in the budget are applicable for coming financial year. So the current limit is 40 lakhs

CMA Ramesh Krishnan (Expert) 01 March 2010

Agreed propsed changes in the coming Financial year



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