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Audit limit for business income for the f y 2012-2013

This query is : Resolved 
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(Querist)
19 March 2012 It is being said for sme audit limit raised from 60 lakhs to 1 crore.
Is it for all people doing business or only for people or company which file return as company in SME.

I am confused. because on some sites like moneycontrol it states specified business and for professionals its made 25 lakhs.
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
25 March 2012 The limit has been raised only for SME's as defined in the SME Act.
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Sohil

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Sohil (Querist)
26 March 2012 Sir can i get the link for that act.I am unable to find out that on net.
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
28 March 2012 https://icai.org/new_post.html?post_id=8245&c_id=240
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