Tax audit limit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 August 2017
Dear Experts
Whats is the Tax audit limit for the Financial year 2016-17
For persons opting for presumptive schemes, they can continue to do so upto Rs 2 crores. For other persons tax audit is applcable if the revenue exceeds one crores or two crores?
Kindly clarify
Whats is the Tax audit limit for the Financial year 2016-17
For persons opting for presumptive schemes, they can continue to do so upto Rs 2 crores. For other persons tax audit is applcable if the revenue exceeds one crores or two crores?
Kindly clarify
12 August 2017
Limit is 2 crore...
15 October 2021
For other persons, not opting sec. 44AD; tax audit applicable at 1Cr. U/s. 44AB(a),
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