Audit limit for nri
This query is : Resolved
N.J.Shaikh
(Querist)
25 November 2017
Dear Sir,
A person who is NRI and operating Share Trading Business in India for A.Y.2015-16 and his total turnover more than Rs.1 Crore.
Please suggest me whether this person is liable to Audit.
Responds to me as soon as possible.
A person who is NRI and operating Share Trading Business in India for A.Y.2015-16 and his total turnover more than Rs.1 Crore.
Please suggest me whether this person is liable to Audit.
Responds to me as soon as possible.
Soumitra Basu
(Expert)
27 November 2017
The turnover for audit limit is as per section 44AB of the Act.
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