Tax audit limit
This query is : Resolved
27 September 2014
a company is providing Animation designing service.
turnover during the year 31,00,000
now please tell what is audit limit u/s 44AB applicable for company assessee providing designing services?
turnover during the year 31,00,000
now please tell what is audit limit u/s 44AB applicable for company assessee providing designing services?
27 September 2014
Limit for Tax Audit is Rs 100 lacs in the given case.
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27 September 2014
Logic is that the entity is company. Company can not be professional company is only doing business by engaging professionals.
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