Dear Sir or Madam
Tax Audit limit Raised to 60 lakhs per annum (financial year) and Section 44AD & 44AE is for assessment year 2011-12
or 2012-13 ?
Kindly advice please, Thank you very much for your help.
Regards,
Valerian D'souza
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Tax audit limit raised to 60 lakhs and section 44ad & 44ae
Replies (2)
THE NEW Section 44AD IS FOR ASSESSMENT YEAR 2011-2012 AND 60LAKH LIMIT IS ALSO FOR AY 2011-2012
Applicable for A.y. 2011-12
Agreed with Mohammad
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