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Tax audit

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 May 2012 PLEASE EXPLAIN TAX AUDIT. TO WHOM IT WOULD APPLICABLE.WHAT ARE THE PROCEDURE FOR TAX AUDIT.

PLEASE REPLY BACK AT THE EARLIEST.
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
26 May 2012 For AY 13-14 audit limits are as under:

For persons carrying on business - Rs. 1 crore.

For professionals - Rs. 25 lakhs.
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