Tax Audit for the FY-2009-10
This query is : Resolved
n.venkatachalam
(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.
27 February 2010
it is 40 lakhs for the Financial Year 2009-10
CA Gangadhar Mishra
(Expert)
27 February 2010
at present 40lacs is the limit for tax audit
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
27 February 2010
Provisions in the budget are applicable for coming financial year. So the current limit is 40 lakhs
CMA Ramesh Krishnan
(Expert)
01 March 2010
Agreed propsed changes in the coming Financial year
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