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. .
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.
CAclubindia
