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.
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.
CAclubindia
