Tax audit

This query is : Resolved 

13 July 2012 dear all,
i ve a query.....
income received from providing crane on hire is Rs 38,00,000/- for f/y 11-12.
whether proprietor is required for tax audit u/s 44AB.

15 July 2012 No. He can show income @ 8% of 38.00 lacs.

17 July 2012 sir,
can u plz tell me what is the threshold limit of tax audit u/s 44AB for this case..

is it 60,00,000/- or 15,00,000/-?
thank u


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