Tax audit slab rate

This query is : Resolved

L.Saravanan (Querist)
Follow

29 June 2012 Does Tax Audit Limit has been changed for the AY 12-13 ?
I found from the following website that it is applicable only from next FY (commencing from 1/4/2013.

http://law.incometaxindia.gov.in/DIT/HtmlFileProcess.aspx?FooterPath=D:\WebSites\DITTaxmann\Act2010\DirectTaxLaws\ITACT\HTMLFiles\2012&DFile=ftn21a_section44ab.htm&tar=middle

If it is so many have misconstrued and asked their clients to submit their returns before July - which is wrong

CA Hardik Bunha

CA Hardik Bunha (Expert)
Follow

29 June 2012 you are little confused, if a partner of a firm. firm is auditable but if partner is a sleeping partner then he has to file return before july.

basic exemption limit 180000
from 65 years to 80 years 250000
above 80 years 500000

L.Saravanan

L.Saravanan (Querist)
Follow

29 June 2012 Mr.Hardik,
I am asking about 44AB cases - 60lakh or 1 crore for current AY