Tax audit limit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 November 2012
Sir,
What is the limit for turnover for tax audit under section 44AB for finance year 2012-13. (Assessment year 2013-14)?
When i read Income Tax Act, it is written in the act that It is applicable from 1/4/2013.
Kindly help me out..
What is the limit for turnover for tax audit under section 44AB for finance year 2012-13. (Assessment year 2013-14)?
When i read Income Tax Act, it is written in the act that It is applicable from 1/4/2013.
Kindly help me out..
CA Roshan Jha
(Expert)
20 November 2012
For Financial year 12-13, the turnover limit for tax audit under section 44AB is Rs. 1crore for business and Rs. 25 Lakhs for Profession.
CA CS Amit S. Kedia
(Expert)
20 November 2012
01/04/2013 means from the Assessment year 2013-14 i.s Financial Year 2012-13.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Tax on Amount transferred in HUF Account
- Issuing of delivery challan by seller of goods
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
