Thread
This query is : Resolved
TARIQUE RIZVI
(Querist)
29 April 2021
Respected Sir,
Please let me know what is the tax audit limit for the year ending March 21 ? I have heard that the tax audit limit for the year ending March 21 is Rs 5 Crores but there are certain conditions also on this issue. What are those conditions to be qualified by the assessee.
Please let me know what is the tax audit limit for the year ending March 21 ? I have heard that the tax audit limit for the year ending March 21 is Rs 5 Crores but there are certain conditions also on this issue. What are those conditions to be qualified by the assessee.
CA R SEETHARAMAN
(Expert)
29 April 2021
The condition is that cash receipts and cash payments during the year do not exceed 5% of the total receipts/payments.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Unanswered Queries
- GSTR9 Annual Return
- Reward for festival
- Ito add credit side of bank
- Employee secondment
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Capital gain on commercial property and investment in residential property
- LLP audit and disclosure
- Rent agreement of House of deceased person
- RCM and same line
- TDS Return Statement Status
- ARCA LOGIN
- Appointment of Auditor By Form ADT-1
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
