Tax audit Limit
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30 October 2020
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 Proprietor firm / Company / Partnership firm / what is the limit of Tax audit , when the firm comes to under Tax audit, please give clarifications.
CS Rashi Jain
(Expert)
30 October 2020
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.
Dhirajlal Rambhia
(Expert)
31 October 2021
https://www.caclubindia.com/articles/audit-under-section-44ab-of-act-45840.asp
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