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Tax audit

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01 October 2013 what is turnover limit for tax audit . Please guide me
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CA Pallav Singhania

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CA Pallav Singhania (Expert)
01 October 2013 Tax Audit is applicable.

In case of business if total sales, turnover or gross receipts in a financial year exceed or exceeds Rs. 1 crore in a financial year.

In case of Profession if the gross receipts exceeds Rs.25 lakhs in a financial year.

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