Sec 44AB
This query is : Resolved
07 December 2010
I want to know that if any assessee is now filing his all previous years tax return then while preparing audit report which limit should be taken in consideration
07 December 2010
Limits will be applicable to that relevant AY
Message likes :
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taxindiaconnect
(Expert)
07 December 2010
Do you mean the limit of audits per partner??!!, if yes, I believe it should be what ever is applicable for a year by a partner. One can not escape by saying that the limit should be increased because the certain no of Audits belong to earlier years.
08 December 2010
I think she is asking for limit specified u/s 44AB i.e. turnover limit.
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