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Tax audit Limit

This query is : Resolved 

Dear Sir,

A Proprietor firm / Company / Partnership firm / what is the limit of Tax audit , when the firm comes to under Tax audit, please give clarifications.

A taxpayer is required to have a tax audit carried out if the sales, turnover or gross receipts of business exceed Rs 1 crore in the financial year. (for profession/services: Rs. 50 Lakhs.


Bajaj Finserv

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