Tax audit
This query is : Resolved
25 September 2013
My Last year gross receipt was 104 Lacs and this year (P.Y. 2012-13) gross receipt is 95 lacs only. Is it compulsory for me to get Tax Audit Done this year also?????
25 September 2013
its not compulsory.
25 September 2013
You are telling it is gross receipts..
.
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if you are professional tax audit limit is for 25 lakhs
.
.
if your's is business tax audit limit is 1crore and hence not required to get your books audited
.
.
if you are professional tax audit limit is for 25 lakhs
.
.
if your's is business tax audit limit is 1crore and hence not required to get your books audited
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