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..
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.
20 November 2012
01/04/2013 means from the Assessment year 2013-14 i.s Financial Year 2012-13.
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