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Applicability of tax audit

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(Querist)
12 February 2014 Sir,
Applicability of tax audit limit for Partnership firm of CA's is Rs.1 crore or Rs.25 lakh ???
Thanks
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CA Nirav Doshi

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CA Nirav Doshi (Expert)
13 February 2014 Applicability of tax audit limit for partnership firm of CA's is Rs. 25 lakhs. As per sec. 44AB of Income Tax Act 1961 tax audit limit for professional partnership firm is Rs. 25 lakhs

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