Hi,
what is limit of tax audit under 44AB and for which assessment year change the tax audit change i.e. 2 cr. from 1 cr.
Menu
section 44AB
Replies (5)
For AY17-18 tax audit to be done if turnover exceeds Rs1 Cr u/s 44AB
1 cr..
1 cr.
tax audit is required, in case of business, if the the turnover exceeds 1 crore .
However there was a circular issued that in case assesse is opting sec 44 AD the tax audit is required only if the turnover exceeds 2 crore.
However there was a circular issued that in case assesse is opting sec 44 AD the tax audit is required only if the turnover exceeds 2 crore.
you can google press release dated 20/06/2016 for sec 44AD
Recent Threads
- Clubbing query (when gifts given to multiple fami
- Transfer Pricing Audit Upload Form 3CEB - Income T
- Only a Few Pages Indexed by Google Despite Sitemap
- Share sale by promoter of public limited company
- Individual working for a firm to take sales orders
- BIN view site not working
- Settlement of advance by customer
- GST chow cause notice
- Un claim ITC
- Form 49AA - OCI card holder applying for PAN card
Related Threads
CAclubindia
