Audit limit for business income for the f y 2012-2013
This query is : Resolved
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.
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.
25 March 2012
The limit has been raised only for SME's as defined in the SME Act.
26 March 2012
Sir can i get the link for that act.I am unable to find out that on net.
28 March 2012
https://icai.org/new_post.html?post_id=8245&c_id=240
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
- EPF ECR NEW FILE SEP 17TH 2026
- TDS on Fixed Assets purchased
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- Oct 2025 Invoices
- Non filing of I T Returns
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- TAX AUDIT ON PROFESSIONAL INCOME
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Under marginal scheme
- Capitalgain tax purposes for valuation report compulsory
- Capital Gail Exemption Certificate
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
