What is the Turnover limit for Tax audit for the Assessment year 2013-2014?
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Tax audit
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For persons carrying on Business- If Turnover exceeds Rs. 100 Lacs
For persons carrying on some Profession- If Gross Receipts exceed Rs. 25 Lacs
| Originally posted by : veny gupta | ||
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For persons carrying on Business- If Turnover exceeds Rs. 100 Lacs For persons carrying on some Profession- If Gross Receipts exceed Rs. 25 Lacs |
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veny is correct
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This limit is for next year..not current year..its for A.Y. 2013-14.
How Am I Wrong??
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