MSME Certified Income Tax Live Batch to commence from 21st January 2022. Limited Seats. Register Now!!


Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Tax Audit Limit

This query is : Resolved 

21 October 2008 What is the logic or reason behind the TAx Audit limit for Professional is kept at Rs. 10 Lacs and others for Rs.40 Lacs.

please give me the satisfactory answer

21 October 2008 The logic is general gross profit level beyond which everybody should examined his books of accounts

21 October 2008 In the case of business income it is inclusive of material cost as well.

21 October 2008 Just a bench rule nothing else.

22 October 2008 still i am not satisfied with the comments

12 November 2008 It IT Dept logic
Contact draftsmen

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries