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ABHI KUMAR   26 March 2021

Audit limit

wat is d limit for audit 1 cr or 5 cr


 5 Replies

Sourav

Sourav (Student)     26 March 2021

5 crores rupees
1 Like
Naveen

Naveen (student)     26 March 2021

If ur total cash receipts and payments are less than 5% of total receipts and payments, then limit is 5 crores. Otherwise 1 crore
1 Like
Kapadia Pravin

Kapadia Pravin   26 March 2021

5 crore subject to 95%or more, turnover purchase sale in cheque or digital mode
1 Like
ABHI KUMAR

ABHI KUMAR   26 March 2021

Thanks all professionals
jasmeet singh

jasmeet singh   26 March 2021

But in case of cheques or draft ,you have to prove it that transactions are through account payee cheques or demand draft

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