Audit limit

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 August 2012 i am having turnover of 30 lac in 11-12. my business is to provide security servicess. can i need to do audit as i give only service.

Guest

Guest (Expert)

21 August 2012 yes dear assessee you are required to get your books of accounts audited by a CA as per section 44AB i.e.Tax Audit.
you are providing services so if your turnover goes above Rs.15lakh for F.Y.10-11 & 11-12 and Rs.25 lakh for F.Y.12-13 onwards.
your turnover is above the limit so you are required to audit your accounts
you also need to register for service tax.
for any query or detail information you can call or mail
09429231784 or vivektrivedi1411@gmail.com