Audit limit
This query is : Resolved
Saroj Jyoti
(Querist)
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...
CA R SEETHARAMAN
(Expert)
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.
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Saroj Jyoti
(Querist)
24 August 2018
Thank you much Seetharaman Sir.
CA R SEETHARAMAN
(Expert)
24 August 2018
Welcome.............
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