Applicablity of Audit to hiring / plying of truck

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CHARTERED ACCOUNTANT
24 Points Posted on 15 July 2010

Can Anybody Tell Me When Business of Hiring / plying of trucks comes under audit????

what is prescribed limit for that??

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On 15 July 2010 at 18:41 Report
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Will soon be a CA !
168 Points Posted on 16 July 2010

For any income under the head business profession if ur turnover exceeds Rs40lakh, then you are liable for audit

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On 16 July 2010 at 22:38
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Audit Assist.
278 Points Posted on 19 July 2010

As per budget 2010 now limit of audit Rs. 60 lakh in the business of playing & hiring of trucks except in section 44AE of IT Act

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On 19 July 2010 at 16:54

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