Applicability of tax audit
This query is : Resolved
Sarthak Abhyankar
(Querist)
12 February 2014
Sir,
Applicability of tax audit limit for Partnership firm of CA's is Rs.1 crore or Rs.25 lakh ???
Thanks
Applicability of tax audit limit for Partnership firm of CA's is Rs.1 crore or Rs.25 lakh ???
Thanks
CA Nirav Doshi
(Expert)
13 February 2014
Applicability of tax audit limit for partnership firm of CA's is Rs. 25 lakhs. As per sec. 44AB of Income Tax Act 1961 tax audit limit for professional partnership firm is Rs. 25 lakhs
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