Tax Audit under income tax

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article assistant
501 Points Posted on 14 May 2020
what is the turnover limit for an individual under income tax audit
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On 14 May 2020 at 10:48 Report
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This discussion clarifies the turnover limits for income tax audits. For businesses, the limit is 1 Crore, while for professionals, it's 50 Lacs. The key figure for this calculation is your total turnover or gross receipts.

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Finance/Compliance Consultant
69626 Points Posted on 14 May 2020
It is 1 Crore for Business and 50 Lacs for Professionals
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On 14 May 2020 at 15:21
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Finance/Compliance Consultant
69626 Points Posted on 14 May 2020
It is 1 Crore for Business and 50 Lacs for Professionals
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On 14 May 2020 at 15:21
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Finance/Compliance Consultant
69626 Points Posted on 14 May 2020
It is 1 Crore for Business and 50 Lacs for Professionals
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On 14 May 2020 at 15:21
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article assistant
501 Points Posted on 14 May 2020
How to calculate 1 crore
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On 14 May 2020 at 16:54
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Student
1321 Points Posted on 07 June 2020
Turnover or gross receipts is to be taken in to consideration for 1 crore.
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On 07 June 2020 at 18:14

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