Changes in Section 44AB
This query is : Resolved
Elroy Joseph Lewis
(Querist)
07 July 2011
Please let me know, whether the changes in section 44AB by finance act 2011 is applicable for the assessment year 2011-2012?
i.e. for the assessment year 2011-2012 Whether the tax audit limit is Rs. 40 lacs or Rs. 60 lacs?
i.e. for the assessment year 2011-2012 Whether the tax audit limit is Rs. 40 lacs or Rs. 60 lacs?
CA Navin Jain
(Expert)
07 July 2011
yes
for the assessment year 2011-2012 the tax audit limit is Rs. 40 lacs or Rs. 60 lacs
for the assessment year 2011-2012 the tax audit limit is Rs. 40 lacs or Rs. 60 lacs
Elroy Joseph Lewis
(Querist)
07 July 2011
Sir, Thanks for the reply. Pls let me know whether the limit is 60 Lacs or 40 lacs for the A.Y. 2011-12
CA Navin Jain
(Expert)
07 July 2011
yes, applicable for the AY 11-12
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