Audit limit
This query is : Resolved
19 August 2018
Dear Experts
Please help me to know the limit (turnover )of audit for Income tax under 44AB for Business and for presumptive Business and also what is the audit limit for GST , F.Y. 2017-18.
Reds,
Please help me to know the limit (turnover )of audit for Income tax under 44AB for Business and for presumptive Business and also what is the audit limit for GST , F.Y. 2017-18.
Reds,
19 August 2018
u/s 44AB Tax Audit Limit is Rs 1Cr...
In case Assesee and the Business is eligible under sec 44AD then He /They can avail the benefit upto 2cr...
19 August 2018
Limit for 44AB is 1 crore and for presumptive business it's 2 crore.
The limit prescribed under the GST law for a taxpayer to get his books of account audited is Rs. 2 crores.
The limit prescribed under the GST law for a taxpayer to get his books of account audited is Rs. 2 crores.
Message likes :
2 times
24 August 2018
Thank you much Seetharaman Sir.
24 August 2018
Welcome.............
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- DELIVERY GOLD & SILVER AND OTHER ETF TRADING PROFIT AS BUSINESS INCOME
- GSTR-1A How to update Invoice
- Excess salary payment.
- 3cd- cash system of accounting is allowed?
- Provision for loans that are under Revenue Recovery
- Form 121-contradictory opinions
- APPLICABILITYOF GST ON STUDENT HOSTEL FEES
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Stamp Paper for partnership firm change new income tax 2025
- TDS on Purchase of Immovable Property by NRI from NRI
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
