Menu
confusion
In finance bill 2010 audit limit has been increased to 60lacs , but w.e.f AY-2011-12 is this meant that limit is increased from 01-04-2010 or 01-04-2011 ?
Also if any amendment is for AY 2010-11 then is this effect Previous year 2009-10 as on which Finance act 2009 is applicable
Replies (3)
Dear satish
it means that the Audit of the FY 2009-10 will be done with the previous audit limit i.e. 40 laks & 10 laks
& from the next f.y the audit limit will be the new one as per the bill
i.e. fy 2010-11 will be audited with the new clauses
Agree with pradeep....
Its a FINANCE BILL so has to become FINANCE ACT for application..
Recent Topic
- 194JB INCOME
- Filing ITR3 where income under section 44AD with L
- What is superannuation fund
- GST Refund of input services under Inverted Duty S
- Dividend Reporting
- Real operational bottlenecks after firms use Tally
- Purchase return under gst
- Long Term Capital Loss - cannot be carried forward
- Cross-utilization of ITC between Trading and Resta
- Form 121 eligibility for non deduction of TDS for
Related Topics
CAclubindia
