tax audit or vat audit

This query is : Resolved 

14 June 2011 dear sir my self jainendra sharma. i am student of law and also appeared in ICSI executive course.

sir i want know that what is the limite of tax audit Or vat audit ?

14 June 2011 Tax audit limit as per section 44AB of the Income tax act,1961 is Rs. 60 lacs for business and Rs.15 lacs for profession. VAT audit limit varies from state to state, In Kerala it is Rs.40 lacs per annum.



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

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries