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Kaustuv's Expert Profile

Queries Replied : 211

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About me

Practising CA 

    What kinds of questions I can and can't answer?
    Accounting theories, Auditing standards & procedures, Companies Act , Income tax, Excise & Service tax queries, Information technology basics Academic course related queries

    My area of expertise
    Accounting, Auditing, Companies Act, Direct and Indirect taxation

    My experience in the area (years):
    6 years

    Organizations I belong to:
    BSR & Associates

    Publications or writing which has appeared :


    Educational credentials:
    CA

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  • SACHIN GURAV says : tax audit
    Tax audit is applicable for business receipts excding 40 lacs and for prof recpts excdng 10 lacs. In this case we first have to classify the nature of business as prof or business. based on this classidication we have see tax audit is applcble or not. in the current scenario it is business hence the limit is 40 lacs. Pl also refer to guudance note on tax audit for further clarification


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