Tax Audit
This query is : Resolved
28 May 2010
Dear sir please tell me about tax audit.
when the tax audit compulsory?
when the tax audit compulsory?
28 May 2010
read section 44AB of Income Tax Act.
CS Richa Sharma
(Expert)
28 May 2010
Tax audit is compulsory for every company,partnership firm or undertaking whose turn over exceeds40 lacs and 10 lacs in case of professionals have to compulsory go forthe auditing of accounts from a Chartered Accountant under
section 44AB of the income tax act 1961.
section 44AB of the income tax act 1961.
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