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Regarding tax audit

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 August 2014 What is the monetary limit for tax audit for person carrying non specified profession.

is it 1 cr. or 25lakh
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
21 August 2014 if its profession then 25 lakhs is applicable for ay 14-15
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Querist : Anonymous

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Querist : Anonymous (Querist)
21 August 2014 here profession means specified as well non specified. Means for non specified also there will be limit Rs. 25 lakh
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
21 August 2014 the ans is yes as per sec 44AB
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Rupesh Jain

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Rupesh Jain (Expert)
21 August 2014 for professional limit is Rs. 25 lacas
and turnover is rs. 100 lacs.
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CA P K AGRAWAL

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CA P K AGRAWAL (Expert)
21 August 2014 agree with tushar and rupesh, it will be 25Lacs

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