The tax audit limit of Rs. 10 crore is applicable from which A.Y. ? 2021-22 or 2022-23.?
As per the Finance Bill 2021 the proposed amendment u/s 44AB will be applicable from AY 2021-22 and subsequent assessment years
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Tax audit thershol for ay 2021-2022
Replies (5)
Quick Summary
It is applicable from AY21-22 (PY20-21).
But the same came through FINANCE bill 2021 ....so it should be applicable for Ay 2022-2023 na
Not necessarily I think. It has been specifically mentioned to be applicable from AY21-22.
Okayyy thank you😊
From AY 2022-23
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