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Tax Audit for the FY-2009-10

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(Querist)
27 February 2010 What is the Turnover limit (whether it is 40 lakhs or 60 lakhs) for Tax Audit u/s 44AB of the Income Tax Act, 1961 for the Financial Year 2009-10 in the light of Budget-2010. Please tell me in the soon.
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CA. Gurdeep Singh Chawla

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CA. Gurdeep Singh Chawla (Expert)
27 February 2010 it is 40 lakhs for the Financial Year 2009-10
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CA Gangadhar Mishra

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CA Gangadhar Mishra (Expert)
27 February 2010 at present 40lacs is the limit for tax audit
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
27 February 2010 Rs. 40 lakhs is limit for Tax Audit u/s 44AB of the Income Tax Act, 1961 for the Financial Year 2009-10
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CP Ram

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CP Ram (Expert)
27 February 2010 Agree with all experts....
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CA SIDHARTH HIRALAL PATNI

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CA SIDHARTH HIRALAL PATNI (Expert)
27 February 2010 Provisions in the budget are applicable for coming financial year. So the current limit is 40 lakhs
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
01 March 2010 Agreed propsed changes in the coming Financial year
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