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(Querist)
27 October 2021 Dear experts,

Let me know the threshold limit under section 44AB Tax audit for the A.Y. 2021-22 if the assessee fulfil all the condition below:
- receipts in cash < 5% of total receipts during the previous year and
- payments in cash < 5% of total payments during the previous year.

Thanks
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
27 October 2021 It's 10 crores the limit.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
27 October 2021 IF SEC 44ad(4) not attracted, then its Rs.10 Crs. for business entities.
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