01 June 2011
As per Section 44AB following is applicable for Asst Year 2011-12:
Every person,— (a) carrying on business shall, if his total sales, turnover or gross receipts, as the case may be, in business exceed or exceeds sixty lakh rupees or (b) carrying on profession shall, if his gross receipts in profession exceed fifteen lakh rupees get his accounts audited as per provisions of Section 44AB
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