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Compulsory Turnover limit (1) in Income Tax (2) in GST for the financial year 2017-2017 and due date of return filing above cases.
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INCOME TAX :
As per Income Tax related Audit is based on Assessee's filing. If A Assessee's T/O exceeding 1cr in FY 17-18 and he will file his ITR u/s 44AD (if eligible business) then he can go to file without Tax Audit and will File on or before 31st July 2018...
Otherwise he fall under Tax Audit u/s 44AB and Due date is 30th September 2018...
GOODS AND SERVICES TAX :
As per GST Tax Audit Limit is 2cr
An annual return using the Form GSTR 9B along with the reconciliation statement by 31st December of the next Financial Year,
Good explanation sir
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