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This query is : Resolved
13 September 2010
my friend is running an Educational Institution. It's turnover during the last financial is Rs.> 1Crore. Is it required TAX Audit.
13 September 2010
Yes, for F.Y. 2009-10 if your gross receipt is more than Rs. 40 lacs (For F.Y. 2010-11 it is Rs. 60lacs then tax audit is mandatory.
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