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Tax audit

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(Querist)
29 February 2020 The tax audit limit from 1 crore to five crores is effective from 1st April 2020 or retrospectively from April 2019 pls clarify thanks
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
29 February 2020 w.e.f. 01 - 04 - 2020 and onwards.
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CA Mayur Todmal

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CA Mayur Todmal (Expert)
29 February 2020 Audits from FY 2020-21
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Eswar Reddy S

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Eswar Reddy S (Expert)
29 February 2020 Budget 2020 wide FA-2020 Applicable from FY-2020-21. It's prospectively and not retrospectively
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Aashok Kumar Sharma online

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Aashok Kumar Sharma online (Expert)
25 May 2020 It is applicable from F.Y. 2020-21 with below conditions: (i) aggregate of all receipts in cash during the previous year does not exceed five per cent of such receipt; and (ii) aggregate of all payments in cash during the previous year does not exceed five per cent of such payment.
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