Regarding tax audit

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 August 2014 What is the monetary limit for tax audit for person carrying non specified profession.

is it 1 cr. or 25lakh

21 August 2014 if its profession then 25 lakhs is applicable for ay 14-15

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 August 2014 here profession means specified as well non specified. Means for non specified also there will be limit Rs. 25 lakh

21 August 2014 the ans is yes as per sec 44AB

21 August 2014 for professional limit is Rs. 25 lacas
and turnover is rs. 100 lacs.

21 August 2014 agree with tushar and rupesh, it will be 25Lacs


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