No Of Tax Audits Ay 2011-12
This query is : Resolved
18 April 2011
Does the limit of 45 for Tax audits is for sales above60 Lacs (44AB) only
Or
Inclusive of Pure 44AB and those covered under 44AD ( less than 60 lacs and profit less than 8%)
Or
Inclusive of Pure 44AB and those covered under 44AD ( less than 60 lacs and profit less than 8%)
18 April 2011
Threshold limit of 45 audits is only for pure 44AB audits meaning thereby audits covered under presumptive cases are excluded.
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