Limit for audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 September 2011
Plz provide the limit for Audit for Professioanls & Business income (both) for F.Y 2008-09, 2009-10 & 2010-11
26 September 2011
Limit of Income:
For the F.Y 2008-09 & 2009-2010
Business Income- Rs. 40lacs
Professional Income- Rs. 10lacs
For the F.Y 2010-11
Business Income- Rs. 60lacs
Professional Income- Rs. 15lacs
For the F.Y 2008-09 & 2009-2010
Business Income- Rs. 40lacs
Professional Income- Rs. 10lacs
For the F.Y 2010-11
Business Income- Rs. 60lacs
Professional Income- Rs. 15lacs
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 September 2011
thnx a ton
also plz clarify wat is the penalty if one fails to get his a/cs audited & files the ITR
also plz clarify wat is the penalty if one fails to get his a/cs audited & files the ITR
26 September 2011
For Audit:
FY 2009-10
0.5 % of turnover or Rs 1 Lacs, which ever is lover
FY 20010-11
0.5 % of turnover or Rs 1.5 Lacs, which ever is lover
FOR ITR:
Rs 5000 for FY 2009-10 & 2010-11
Along with this Intt. u/s 234A, B & C will be levied extra
Further revised return not allowed and loosed the benefit to C/f losses and deprecation.
FY 2009-10
0.5 % of turnover or Rs 1 Lacs, which ever is lover
FY 20010-11
0.5 % of turnover or Rs 1.5 Lacs, which ever is lover
FOR ITR:
Rs 5000 for FY 2009-10 & 2010-11
Along with this Intt. u/s 234A, B & C will be levied extra
Further revised return not allowed and loosed the benefit to C/f losses and deprecation.
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?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
