Hi friends,
For the purpose of doing audit what are the limit for professional receipt
my client is receivng 25 lacs of professional fees
so he has to go for audit or not please its urgent
reply
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Audit query
Replies (7)
yes limit of professional receipt is 10 lacs. so he has to go for audit.
agreed wid above except d fact dat the limit is now 15L.....
Yes, limit is 15 lacs............ so audit is compulsory on ur case.
I am Agreed with SUMIT & SURAJ. Limit has been changed from the A.Y. 2011-12.
the limit is now 15L.
ya sry .I have told as per last rules..
agree with sumit....
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