Tax audit limit for FY 2022-23
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Mahabir Prasad Agarwal
(Querist)
20 September 2023
What is the turnover limit for Tax audit for FY 2022-23 ?
CA R SEETHARAMAN
(Expert)
20 September 2023
The threshold limit, for a person carrying on business, is increased from Rs. 1 Crore to Rs. 10 crores in case when cash receipt and payment made during the year do not exceed 5% of total receipt or payment, as the case may be.
21 September 2023
Yes I agreed with Mr CA R SEETHARAMAN Sir,
Otherwise it's One Crore for business...
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