Limit for audit in a.y.13-14

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VIVEK KAMBLE (Querist)
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01 April 2013 when a sole proprietorship business has their turnover above Rs.1 cr.during f.y.12-13.And it has started his business in the same f.y.(i.e.2012-13).Then please let me know that the proprietorship business is applicable for audit..

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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01 April 2013 Yes, applicable. To applicability of tax audit important thing is turnover of that year starting of business is irrelavent. So tax audit applicable if the turnover limit under section 44AB exceeded.
So in your case tax audit applicable.

OM SAI SRI SAI JAI JAI SAI

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Limit for audit in a.y.13-14

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