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Tax audit

CA. sanjeet Kumar Ojha (Chartered Accountant) (272 Points)

27 September 2016

if a company provides professional service. for tax audit purpose, which limit is applicable either 100 Lakhs or 25 Lakhs

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saurabh kumar (Tax Consultant) (348 Points)
Replied 27 September 2016

For the purpose of tax Audit,The limit for company engaged in profession will be Rs. 100 Lakh.(A.Y.2016-17) because A company is not deemed to be carrying profession even if it does, it will come in the category of business.(DCIT vDaljit Singh Eye Hospital Private Ltd.)(Amritsar)

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