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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Tax audit mandatory after 1 crore or 2 crore
Replies (8)
Limit for sec. 44AD applicability is 2 Crs.
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...
If Assessee & Business is eligible u/s 44ad and Assessee will opt that then the limit is 2cr as per sec 44AD...
In case of contractor 2 crore or 1
Contractor means which business?? Say nature of Business n
Any business except the business of plying, hiring or leasing goods carriages referred to in section 44AE are eligible for 44AD upto 2 crore
Business or work contractor
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)...
If You ask flat query then You can get some flat (or basic replies or just act as text)...
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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