Increase in Audit Limit
This query is : Resolved
01 March 2010
I want to know is there any Increase in Audit Limit.If Yes?From Which it will be effected.
Thanks
Thanks
01 March 2010
The present limit of Rs 40 lacs for business concerns and Rs 10 lacs for professionals have been increased to Rs 60 lacs and 15 lacs respectively. This amendment shall be applicable for the previous year commencing from 1-04-2010.
siva208@yahoo.com
siva208@yahoo.com
01 March 2010
YES.As per new budget the limits are increased w.e.f.1.4.2010
01 March 2010
for the purpose of tax audit(income tax act,1965), turnover limit increased 40 lakhs to 60 lakhs. this limit should be consider for the previous year 2010-11.
02 March 2010
agree with sivadas chettoor
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reopen of assessment proceeding
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- Eway bill generation from place other than registeted
- GST rate and HSN code for sale of racing horses
- EPF FULL & FINAL RULES IN 2026
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- Rental income gst and it purpose
- Management System (IMS)
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
