Limit of income tax audit in new budget

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Querist : Anonymous

Querist : Anonymous (Querist)

01 March 2016 SIR IT 1 CRORES OR 2 CORES & APPLICABLE FROM WHICH F.Y.

CMA. CS. Sanjay Gupta (Expert)
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01 March 2016 Will be applicable from FY 2016-17 i.e., AY 2017-18.

Amol S Joglekar (Expert)
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01 March 2016 We need to wait till the budget gets signed by the President. It is proposed that the limit for section 44AD be raised to 2 crore.

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