Audit in Case of Professional

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Ketan (Querist)
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28 December 2008 I have a client and he is an Architech (Individual) I want to know turnover limit for Tax audit applicable. Will the limit change if Partnership Firm is formed?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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28 December 2008 Turnover limit for 44AB audit for individual Architect is Rs.10 lakhs.
The same for a partnership firm ,if all the partners are Architects,is Rs.10 lakhs otherwise Rs.40 lakhs.

Ketan

Ketan (Querist)
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28 December 2008 Thank you Sir

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Rakesh R Kabra

Rakesh R Kabra (Expert)
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28 December 2008 10 lakhs whether individual or partnership firm

Ketan

Ketan (Querist)
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28 December 2008 But if One or more partners are not Professionals then ?