Tax audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 September 2016
Dear Sir,
An assessee having turnover of fixed 1 crore is subjected to tax audit u/s 44AB,
Regard
Anuj jain
An assessee having turnover of fixed 1 crore is subjected to tax audit u/s 44AB,
Regard
Anuj jain
24 September 2016
For Financial year 2016-17 and onwards the limit has been increased to 2Cr.
Message likes :
1 times
05 October 2021
Yes, u/s. 44AB, if your turnover is exactly 1 Cr., you are liable for tax audit.
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