Tax audit limit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 August 2017
Dear Experts
Whats is the Tax audit limit for the Financial year 2016-17
For persons opting for presumptive schemes, they can continue to do so upto Rs 2 crores. For other persons tax audit is applcable if the revenue exceeds one crores or two crores?
Kindly clarify
Whats is the Tax audit limit for the Financial year 2016-17
For persons opting for presumptive schemes, they can continue to do so upto Rs 2 crores. For other persons tax audit is applcable if the revenue exceeds one crores or two crores?
Kindly clarify
12 August 2017
Limit is 2 crore...
15 October 2021
For other persons, not opting sec. 44AD; tax audit applicable at 1Cr. U/s. 44AB(a),
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- SEC 54 OF IT ACT
- REGARDING GST ON COMMERICIAL PROPERTY
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Form 26QB for TDS on property
- Whether still royalty
- Payable outstanding for years disallowance
- Partnership Business Can start India (two partners one is Indian and OCI both are wife and Husband)
- PAYMENT NOT SEND IN 180 DAYS
- GST Annual Returns filing due date
- DTCP approval
- What is paid meaning under form
- Consequences of short and excess provision of expenses
- Provision for income tax and adjustment entry
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
