Tax audit limit
This query is : Resolved
nagendra.s
(Querist)
08 July 2014
sir pl gide me the turnover limit to audit books for business done by proprietor , partnerships, company, firm etc
CA Parul Saxena
(Expert)
08 July 2014
Rs.60 lakhs is the limit for business.
Rs.45 lakhs-for professionals
Rs.45 lakhs-for professionals
08 July 2014
@ questioner
For those carrying on business,Rs. One Crore is the limit from assessment year 2013-14.
@ Parul Ji
For professionals it is Rs.Twenty five lakhs from assessment year 2013-14.
For those carrying on business,Rs. One Crore is the limit from assessment year 2013-14.
@ Parul Ji
For professionals it is Rs.Twenty five lakhs from assessment year 2013-14.
08 July 2014
Finance act has raised the limit for applicability of tax audit from 60 lakshs to 1 crore for business income.
Rupesh Jain
(Expert)
08 July 2014
its rs. 100 lacs. and profession Rs. 25 lacs.
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