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Discussion > Audit >

Turnover Limits for Audit U/S 44 AB

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Finance Executive

[ Scorecard : 47]
Posted On 25 June 2010 at 16:13 Report Abuse

Hi Gurus,

Kindly confirm what is the Total Turnover amount applicable(Latest in 2010 ) to conduct Audit for Individual and Others.Kindly enlighten me whether the Turnover includes VAT or Service Tax?????

Nandha


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Vijay gandhi
student n audit executive

[ Scorecard : 557]
Posted On 25 June 2010 at 16:38

hiii dear,

d limit is 60 lac u/s 44ab

it excludes service tax n vat if it is charged seperately.....

n normally vat n ST is charged seperately....;)





Kashyap Joshi
Junior Executive

[ Scorecard : 260]
Posted On 25 June 2010 at 22:40

Its 40 lacs (aggregate turnove) for business and 10 lacs for individuals.




Vijay gandhi
student n audit executive

[ Scorecard : 557]
Posted On 26 June 2010 at 13:22

my dear frnd d limit is nw increase to 15 lacs for individual,,,,,

n Rs. 60 lac fr businessman...

 

i mad sm mistake in last posting.....

dost konsi dunia me ho......b update




Ruchi
CA

[ Scorecard : 258]
Posted On 26 June 2010 at 22:37

According to me Limit of 60lac is applicable from Previous Year 2010-11....




CA kanhaiya kumar
CA PASSED IN NOV.11 EXAM

[ Scorecard : 197]
Posted On 30 June 2010 at 14:28

my dear now limit is 40 lacs for the a/y 2010-11. it is Inhance form 40 lacs to 60 lacs and 10 Lacs to 15 Lacs from a/y 2011-12 f/y-2010-2011 ok



Vijay gandhi
student n audit executive

[ Scorecard : 557]
Posted On 01 July 2010 at 18:42

@ Ruchi and @ kanhaiya.....my dear dosto nw FY 2010-11 is goin on.... so its correct....

n @ kanhaiya nw limit is 60 and 15 lacs.......bcz its




CA Ravish Trivedi
The Possibilities are Infinite...

[ Scorecard : 757]
Posted On 07 July 2010 at 21:18

Dear All, Limit is raised from AY 2011-12 onwards and this is not applicable for Nov 10 Exam . Institute has published the notification in this regard dtd. 05.07.2010.



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