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
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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