Criteria for tax audit

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Audit Manager
39 Points Posted on 17 June 2016
My client is carrying out the activity of giving on hire venues for conducting meetings/conferences. What will be the eligibilty criteria for conducting Tax audit viz 1 crore or 25 lacs???
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On 17 June 2016 at 15:31 Report
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Practising Chartered
974 Points Posted on 17 June 2016

Hi Ashok,

The limit for Fy 15-16 is 1 crores, and the above business carried on is not professional.

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On 17 June 2016 at 16:09

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