Menu
Tax audit limit fy 17-18
Plz tell me what is turn over limit for Tax Audit for FY 17-18.
Replies (4)
It is Rs. 2 crore and above
Tax Audit Limit Rs. 1cr under sec 44AB...
In case Assessee will declare his income u/s 44ad (If eligible assessee and eligible business) then he can avail the benefit upto 2cr...
In case Assessee will declare his income u/s 44ad (If eligible assessee and eligible business) then he can avail the benefit upto 2cr...
If the turnover exceeds RS 1 cr, then tax audit is applicable.
But if the assessee opts for presumptive taxation then the limit is RS.2cr
But if the assessee opts for presumptive taxation then the limit is RS.2cr
under sec 44ab, if annual turnover exceeds 1 crore
Recent Topic
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
- SALE OF EQUITY ON THE LAST DAY OF THE FY 2024-25 N
- Which ITR form
- Form 103 id delayed for submission for more than 1
- Composition scheme
- Input tax credit under igst under insurance compan
- ITR Form to be used
Related Topics
CAclubindia
