Hi Sir or Madam
A school is registered as educational society
Status under income tax audit as AOP
Turnover for Finanacial year 2022-23 is 47 lacs
Please advise Tax Audit Applicability
Thanks in advance
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AOP tax Audit limit
Replies (5)
Tax audit u/s. 44AB(1) IT act, not applicable; but check compliance under society act.
Thanks for the information sir
please advise Tax Audit Turnover limit for AOP
please advise Tax Audit Turnover limit for AOP
Depends upon the type of activity carried by AOP. In above case it will be Rs.1 Cr.
Thanks a lot sir.
You are welcome.
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