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Tax audit for a company
Limit for a company for tax audit ??
Replies (2)
As like other assessees.... 1 crore
For all assesses the tax audit limit under 44AB -
(a) carrying on business , if his total sales, turnover or gross receipts exceed 1 crore in any previous year; or
(b) carrying on profession, if his gross receipts in profession exceed 50 lakhs in any previous year
(a) carrying on business , if his total sales, turnover or gross receipts exceed 1 crore in any previous year; or
(b) carrying on profession, if his gross receipts in profession exceed 50 lakhs in any previous year
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