Can Anybody Tell Me When Business of Hiring / plying of trucks comes under audit????
what is prescribed limit for that??
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Applicablity of Audit to hiring / plying of truck
Replies (2)
For any income under the head business profession if ur turnover exceeds Rs40lakh, then you are liable for audit
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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