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Tax audit

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 July 2010 Hi
Respected Member

Can any one tell me if asseesee had tax audit in last year, but in current year turnover is below 40 lakhs.

So it is require tax audit in current year

OR

It is complusory to get tax audit.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
25 July 2010 Not mandatory as per section 44AB.
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Krishan

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Krishan (Expert)
26 July 2010 Tax Audit for only that year is mandatory whoes turnover exceeds the specified limits..
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