Relief to small businesses and professionals with revised turnover basis for audit of accounts

Last updated: 26 February 2010

Relief to small businesses and professionals with revised turnover basis for audit of accounts BENEFIT OF INVESTMENT LINKED DEDUCTION EXTENDED TO NEW HOTELS GENERAL BUDGET 2010-11 In the Union Budget 2010-11 presented by the Finance Minister Shri Pranab Mukherjee in the Lok Sabha today, limits for turnover above which accounts need to be audited has been enhanced to Rs. 60 lakh (from the present Rs. 40 lakh) for businesses and to Rs. 15 lakh (from the present Rs. 10 lakh) fo
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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