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Tax audit limit

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 August 2017 Dear Experts

Whats is the Tax audit limit for the Financial year 2016-17

For persons opting for presumptive schemes, they can continue to do so upto Rs 2 crores. For other persons tax audit is applcable if the revenue exceeds one crores or two crores?

Kindly clarify
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
12 August 2017 Limit is 2 crore...
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
15 October 2021 For other persons, not opting sec. 44AD; tax audit applicable at 1Cr. U/s. 44AB(a),




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