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Dear sir/madam is inviduals are liable for tax auditing

This query is : Resolved 
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(Querist)
25 March 2013
If they are applicable for tax auditing if there is any limit for such applicability
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CA Mahavir Shah

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CA Mahavir Shah (Expert)
26 March 2013 Yes Individual are alsoliable for Tax Audit if Turnover of business exceeds Rs.1 Crore and in case of Professional his Gross Receipts exceeds Rs.25 Lac for AY 2013-14.
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Praveenveldhi

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Praveenveldhi (Querist)
28 March 2013 Thank you sir
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