Tax Audit
This query is : Resolved
12 July 2010
Will Tax audit be applicable in to a firm which was subject to tax audit in the previous year even if its turnover in current year is less than 40 lakhs?
Aditya Maheshwari
(Expert)
12 July 2010
No as the limits are to be checked every year. If it exceeds the limit then only tax audit compulsory.
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