Applicability of sec 44ab
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 January 2013
what is the limit for applicability of tax audit for professionals?
Pleaswe reply It's urgent
Pleaswe reply It's urgent
05 January 2013
IN CASE OF A PROFESSIONALS, CRITERIA IS GROSS RECEIPTS IF IT EXCEEDS THE LIMIT MENTIONED HEREUNDER-
TAX AUDIT WILL BE APPLICABLE-
.
AY 2012-13 : Rs.15 lac &
.
AY 2013-14 :Rs. 25 Lac.
.
TAX AUDIT WILL BE APPLICABLE-
.
AY 2012-13 : Rs.15 lac &
.
AY 2013-14 :Rs. 25 Lac.
.
05 January 2013
Applicability......
In case of Profession if the gross receipts exceeds Rs.10 lakhs (increased to Rs. 15 lakhs from the financial year 2010-11 & to 25 lakh from Financial Year 2012-13) in a financial year.
In case of Profession if the gross receipts exceeds Rs.10 lakhs (increased to Rs. 15 lakhs from the financial year 2010-11 & to 25 lakh from Financial Year 2012-13) in a financial year.
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
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Tds on building rent monthly
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- 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
CAclubindia
