Regarding tax audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 August 2014
What is the monetary limit for tax audit for person carrying non specified profession.
is it 1 cr. or 25lakh
is it 1 cr. or 25lakh
21 August 2014
if its profession then 25 lakhs is applicable for ay 14-15
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Querist : Anonymous
Querist :
Anonymous
(Querist)
21 August 2014
here profession means specified as well non specified. Means for non specified also there will be limit Rs. 25 lakh
21 August 2014
the ans is yes as per sec 44AB
21 August 2014
for professional limit is Rs. 25 lacas
and turnover is rs. 100 lacs.
and turnover is rs. 100 lacs.
21 August 2014
agree with tushar and rupesh, it will be 25Lacs
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