Tax Audit for the FY-2009-10
This query is : Resolved
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.
27 February 2010
it is 40 lakhs for the Financial Year 2009-10
27 February 2010
at present 40lacs is the limit for tax audit
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
27 February 2010
Provisions in the budget are applicable for coming financial year. So the current limit is 40 lakhs
01 March 2010
Agreed propsed changes in the coming Financial year
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