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 Agree with all experts....

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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