Tax audit on individual
This query is : Resolved
Ashwani Dixit
(Querist)
20 October 2012
when tax audit is complusary for individual assessy????????????
Dintakurthi Tirumala
(Expert)
20 October 2012
From A.Y.2013-14 if their Gross turnover or gross receipts or sales exceeds Rs. 1core during such financial year required to do TA audit according to section 44AB. For A.Y.2012-13 and 2011-12 it is Rs.60 lacs and before that it is Rs.40 lacs.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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