Audit for IT company?

WILL BE CONSIDERED AS PROFESSION AND AUDIT LIMIT FOR UR CONCERN WILL BE 10 LACS P.A.

Hi Ashish,

Virender is right.

Doing Web site design and development is carrying out profession

On the other hand if one prepares Softwares and sell them to Customer, then it will be covered under Business

Finance Act 2010, has increased the limits to 15 lakhs but this will be applicable only w.e.f. 01.04.2011.  

Hence for determining tax audit applicability for financial year ended 31.03.2011, Rs.10 lakhs is the limit applicable