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Audit applicability

This query is : Resolved 

30 September 2013 Does an Individual having Finance Business,where receipt does not exceeds 1 crore is he liable for Tax Audit?????

30 September 2013 A Person carrying on business is required to get his books of account compulsorily audited u/s 44AB If the total sales, turnover or gross receipt in business for the previous year relevant to assessment year exceed or exceeds Rs. 1 Crore...

In your case its below 1 crore, No tax Audit...




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