Tax Audit
This query is : Resolved
21 September 2009
Dear Friends,
Is it necesssary to conduct tax audit of accounts of an INDIVIDUAL every year subsequent to the year when tax audit is 1st carried out.In my case my receipts for the a.y.2009-10 do no exceed Rs.10 lacs.I got my accounts audited for a.y.2008-09 as my receipts were more than rs.10lacs..
Is it necesssary to conduct tax audit of accounts of an INDIVIDUAL every year subsequent to the year when tax audit is 1st carried out.In my case my receipts for the a.y.2009-10 do no exceed Rs.10 lacs.I got my accounts audited for a.y.2008-09 as my receipts were more than rs.10lacs..
21 September 2009
No need to tax audit in a.y 2009-10.
21 September 2009
Agree with expert.
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