Tax audit slab rate
This query is : Resolved
L.Saravanan
(Querist)
29 June 2012
Does Tax Audit Limit has been changed for the AY 12-13 ?
I found from the following website that it is applicable only from next FY (commencing from 1/4/2013.
https://law.incometaxindia.gov.in/DIT/HtmlFileProcess.aspx?FooterPath=D:\WebSites\DITTaxmann\Act2010\DirectTaxLaws\ITACT\HTMLFiles\2012&DFile=ftn21a_section44ab.htm&tar=middle
If it is so many have misconstrued and asked their clients to submit their returns before July - which is wrong
I found from the following website that it is applicable only from next FY (commencing from 1/4/2013.
https://law.incometaxindia.gov.in/DIT/HtmlFileProcess.aspx?FooterPath=D:\WebSites\DITTaxmann\Act2010\DirectTaxLaws\ITACT\HTMLFiles\2012&DFile=ftn21a_section44ab.htm&tar=middle
If it is so many have misconstrued and asked their clients to submit their returns before July - which is wrong
CA Hardik Bunha
(Expert)
29 June 2012
you are little confused, if a partner of a firm. firm is auditable but if partner is a sleeping partner then he has to file return before july.
basic exemption limit 180000
from 65 years to 80 years 250000
above 80 years 500000
basic exemption limit 180000
from 65 years to 80 years 250000
above 80 years 500000
L.Saravanan
(Querist)
29 June 2012
Mr.Hardik,
I am asking about 44AB cases - 60lakh or 1 crore for current AY
I am asking about 44AB cases - 60lakh or 1 crore for current AY
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