audit limit
This query is : Resolved
01 June 2011
WHAT IS THE AUDIT LIMIT FOR ASST. YEAR 2011-12 ? IF CAHNGE THE LIMIT 40LAKHS PLEASE ENSURE THE LIMIT?
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
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
Message likes :
1 times
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?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Should I report my US salary for January, February, March in Schedule FA?
- GST ON EXPORT COMMISSION
- Sale of property furniture sale
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- 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
