Tax audit limit under section 44ab
This query is : Resolved
01 July 2015
Dear Sir,
Section 44AA (2) defines books of accounts to be maintained for non specified professionals (other than specified professsionals)
Similarly, Under Section 44AB, What would be the limit under which audit is compulsory for non specified professionals. Is it the same limit as Rs.25 lakhs similar to specified professionals ?
Please clarify
Section 44AA (2) defines books of accounts to be maintained for non specified professionals (other than specified professsionals)
Similarly, Under Section 44AB, What would be the limit under which audit is compulsory for non specified professionals. Is it the same limit as Rs.25 lakhs similar to specified professionals ?
Please clarify
02 July 2015
it is same as RS 25 lakhs only............
02 July 2015
Yes, same 25 Lakhs...................
02 July 2015
YES FOR PROFESSIONAL RECEIPTS RS. 25 LACS LIMIT
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