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Audit limit rs,60 lakh

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 July 2012 Dear Sir, Pl.sand me a circulior the audit limit of ternover Rs,60 lakh & whichever is applying Finence year
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Yogesh Agarwal

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Yogesh Agarwal (Expert)
22 July 2012 For the purpose of FInancial Year 2011-12 the limit is Rs.60 Lakhs...and you can find this limit in section 44AB itself... there is no such circular or notification in this regard...

For FY 2012-13 the limit is 1 Crore...

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