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Tax audit mandatory after 1 crore or 2 crore

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13 Points Posted on 30 October 2019
limit of tax audit for a.y 2019-20
u/s 44ad we can surrender at limit of 1 crore or 2 crore
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On 30 October 2019 at 21:14 Report
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self
103 Points Posted on 30 October 2019

Limit for sec. 44AD applicability is 2 Crs.

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On 30 October 2019 at 21:17
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"Do the Right Thing...!!!"
128152 Points Posted on 30 October 2019
As per sec 44AB Tax Audit limit Rs 1cr...

If Assessee & Business is eligible u/s 44ad and Assessee will opt that then the limit is 2cr as per sec 44AD...
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On 30 October 2019 at 21:19
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13 Points Posted on 30 October 2019
In case of contractor 2 crore or 1
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On 30 October 2019 at 21:21
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"Do the Right Thing...!!!"
128152 Points Posted on 30 October 2019
Contractor means which business?? Say nature of Business n
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On 30 October 2019 at 21:23
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audit manager
459 Points Posted on 30 October 2019
Any business except the business of plying, hiring or leasing goods carriages referred to in section 44AE are eligible for 44AD upto 2 crore
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On 30 October 2019 at 21:26
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13 Points Posted on 30 October 2019
Business or work contractor
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On 30 October 2019 at 21:26
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"Do the Right Thing...!!!"
128152 Points Posted on 30 October 2019
Without clarity You/We can't get exact solution from our CCI experts...

If You ask flat query then You can get some flat (or basic replies or just act as text)...
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On 30 October 2019 at 21:29
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7059 Points Posted on 30 October 2019
Asper section 44AB Tax Audit limit is ₹ 1 crore,if Assessee& Business is Eligible under Section 44AD and can opt that then the limit ₹2 crore.
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On 30 October 2019 at 23:41


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