Tax audit limit under section 44ab
This query is : Resolved
Ravichander RC
(Querist)
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
Nikhil Kaushik
(Expert)
02 July 2015
it is same as RS 25 lakhs only............
CA.Karan Dawar
(Expert)
02 July 2015
Yes, same 25 Lakhs...................
Rupesh Jain
(Expert)
02 July 2015
YES FOR PROFESSIONAL RECEIPTS RS. 25 LACS LIMIT
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