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Tax Audit for the FY-2009-10 (Income Tax)

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This query is : Resolved


( Author )
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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