Applicability of sec 44ab
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 January 2013
what is the limit for applicability of tax audit for professionals?
Pleaswe reply It's urgent
Pleaswe reply It's urgent
05 January 2013
IN CASE OF A PROFESSIONALS, CRITERIA IS GROSS RECEIPTS IF IT EXCEEDS THE LIMIT MENTIONED HEREUNDER-
TAX AUDIT WILL BE APPLICABLE-
.
AY 2012-13 : Rs.15 lac &
.
AY 2013-14 :Rs. 25 Lac.
.
TAX AUDIT WILL BE APPLICABLE-
.
AY 2012-13 : Rs.15 lac &
.
AY 2013-14 :Rs. 25 Lac.
.
05 January 2013
Applicability......
In case of Profession if the gross receipts exceeds Rs.10 lakhs (increased to Rs. 15 lakhs from the financial year 2010-11 & to 25 lakh from Financial Year 2012-13) in a financial year.
In case of Profession if the gross receipts exceeds Rs.10 lakhs (increased to Rs. 15 lakhs from the financial year 2010-11 & to 25 lakh from Financial Year 2012-13) in a financial year.
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