27 July 2013
It means whether you are liable to get your accounts audited U/s 44AB. If your in profession then you are liable to tax audit if gross receipts exceeds Rs.25 Lacs. If you doing business then you are liable to get your accounts audited if gross sales is more than Rs.1 crore. and if you are claiming profit % less then 8% u/s 44AD.
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